
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC77dd]

 
                      TITLE 15--COMMERCE AND TRADE
 
               CHAPTER 2A--SECURITIES AND TRUST INDENTURES
 
                    SUBCHAPTER II--FOREIGN SECURITIES
 
Sec. 77dd. Powers and duties of Corporation, generally

    The Corporation shall have power to adopt, alter, and use a 
corporate seal; to make contracts; to lease such real estate as may be 
necessary for the transaction of its business; to sue and be sued, to 
complain and to defend, in any court of competent jurisdiction, State or 
Federal; to require from trustees, financial agents, or dealers in 
foreign securities information relative to the original or present 
holders of foreign securities and such other information as may be 
required, and to issue subpenas therefor; to take over the functions of 
any fiscal and paying agents of any foreign securities in default; to 
borrow money for the purposes of this subchapter, and to pledge as 
collateral for such loans any securities deposited with the Corporation 
pursuant to this subchapter; by and with the consent and approval of the 
Commission to select, employ, and fix the compensation of officers, 
directors, members of committees, employees, attorneys, and agents of 
the Corporation, without regard to the provisions of other laws 
applicable to the employment and compensation of officers or employees 
of the United States; to define their authority and duties, require 
bonds of them and fix the penalties thereof, and to dismiss at pleasure 
such officers, employees, attorneys, and agents; and to prescribe, 
amend, and repeal, by its board of directors, bylaws, rules, and 
regulations governing the manner in which its general business may be 
conducted and the powers granted to it by law may be exercised and 
enjoyed, together with provisions for such committees and the functions 
thereof as the board of directors may deem necessary for facilitating 
its business under this subchapter. The board of directors of the 
Corporation shall determine and prescribe the manner in which its 
obligations shall be incurred and its expenses allowed and paid.

(May 27, 1933, ch. 38, title II, Sec. 203, 48 Stat. 93.)

                  Section Referred to in Other Sections

    This section is referred to in section 77hh of this title.
