Article 19. Each corporation formed in accordance with this law will have the following rights and abilities as granted by this same law:
1. The ability to sue and to be sued;
2. The ability to adopt and use an official seal and to alter it when convenient;
3. The ability to acquire, buy, have possession of, use, and transport movable and immovable property of all kinds, to make and accept pledges, mortgages, rents, charges, and bonds of all types;
4. The ability to name dignitaries and agents;
5. The ability to to enter into agreements of any kind;
6. The ability to establish statutes that shall not be contrary to the current laws or the corporation contract for the management, regulation, and governance of its business and property, the transfer of assets, hold meetings with its shareholders and directors for any legal purpose;
7. The ability to carry out business transactions and exercise its rights in other countries.
8. The ability to dissolve in accordance with the law, be it by free will or other cause;
9. The ability to receive loans and contract debts in relation to its business or for any other legal purpose; the ability to issue bonds, promissory notes, bills of exchange and other bond documents (that can be convertible or non-convertible to shares in the corporation) accounts payable on a pre-determined date or dates, or accounts payable arranged to occur in successive order, be it with a mortgage guarantee, collateral guarantee, or without guarantee, for money loaned or in payment of acquired property or for any other legal reason.
10. The ability to guarantee, acquire, buy, be in possession of, sell, cede ownership, transfer, mortgage, to pledge in security or in another manner dispose of or negotiate shares, bonds, or other pledges issued by other legal entities or by any municipality, province, state, or government.
11. The ability to do whatever necessary to reach the objectives established in the original corporation contract or its amendments, or that which may be necessary or convenient for the protection or benefit of the corporation, and in general, the ability to carry out any legal business transaction even if it not be similar to the objectives established in the original corporation contract or its amendments.
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