American Samoa § 30.0130 - Corporate powers.
Full text of American Samoa American Samoa Code Annotated § 30.0130 — Corporate powers., with citation guidance and answers to common questions.
§ 30.0130. Corporate powers.
Every corporation organized under this chapter has power to: (1) have perpetual succession unless a limited period of duration is stated in the articles of in-corporation; (2) sue and be sued by its corporate name; (3) have a common seal, which it may alter at its pleasure; (4) render the interests of the stockholders transferable; (5) exempt the private property of its members from liability for corporate debts, except as otherwise declared; (6) make contracts and to acquire and transfer property as provided in 30.0131, possessing the same powers in such respects as natural persons: (7) establish bylaws and make all rules and regulations necessary for the management of its affairs. Case Notes: Even implied tenancy is precluded when a corporation is involved. Kaleopa v. Nia-Maria & Co., Inc., ASR (1978).
Frequently Asked Questions About American Samoa § 30.0130
What does American Samoa Code Annotated § 30.0130 cover?
Section 30.0130 ("Corporate powers.") is part of the American Samoa Code Annotated, the codified statutory law of American Samoa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite American Samoa § 30.0130?
A common citation format is "American Samoa Code Annotated § 30.0130" (American Samoa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of American Samoa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the American Samoa official source linked on this page or consult a licensed American Samoa attorney.
How does American Samoa § 30.0130 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in American Samoa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in American Samoa.