15 U.S.C. § 504
Section 504 · Powers of Foundation
This is the Federal Trade Commission Act of 1914
Amended 1 time on record
Applied in 3 court decisions — leading case 267 F. Supp. 2d 505 - Graduate Management Admission Council v. Raju (2003)
Most recently applied in 407 F. Supp. 2d 1263 - Rocking Chair Enterprises, L.L.C. v. MacErich SCG Ltd. Partnership (December 2005)
How often courts cite this section
Court decisions citing this, by year.Markers show enactment, consequential amendments, and circuit splits over this section — watch for a citation surge after a change or a disagreement. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
The corporation—
(a) Shall have perpetual succession;
(b) May sue and be sued;
(c) May adopt a corporate seal and alter it at pleasure;
(d) May adopt and alter bylaws;
(e) May appoint officers and agents;
(f) May acquire by purchase, devise, bequest, gift, or otherwise, and hold, encumber, convey, or otherwise dispose of, such real and personal property as may be necessary or appropriate for its corporate purposes;
(g) May invest and reinvest the principal and interest of its funds; and
(h) Generally, may do any and all lawful acts necessary or appropriate to carry out the purposes for which the corporation is created.