General powers

1. Any corporation organized under the provisions of this chapter: (a) Has all the rights, privileges and powers conferred by this chapter. (b) Has such rights, privileges and powers as may be conferred upon corporations by any other existing law. (c) May at any time exercise those rights, privileges and powers, when not inconsistent with the provisions of this chapter, or with the purposes and objects for which the corporation is organized. (d) Unless otherwise provided in its articles, has perpetual existence. 2. Every corporation, by virtue of its existence as such, is entitled: (a) To have succession by its corporate name until dissolved and its affairs are wound up according to law. (b) To sue and be sued in any court of law or equity. (c) To make contracts. (d) To appoint such officers and agents as the affairs of the corporation require, and to allow them suitable compensation. (e) To make bylaws not inconsistent with the Constitution or laws of the United States, or of this State, for the management, regulation and government of its affairs and property, the transfer of its stock, the transaction of its business, and the calling and holding of meetings of its stockholders. (f) To wind up and dissolve itself, or be wound up or dissolved, in the manner mentioned in this chapter. (g) Unless otherwise provided in the articles, to engage in any lawful activity.