Powers of an incorporated association
The association may do all things that are necessary or convenient to pursue its objects and purposes. It may:
- acquire, hold, deal with and dispose of any real property (land) or personal property (goods, shares, etc.);
- open and operate bank accounts;
- invest its money;
- borrow money upon such terms and conditions as the association thinks fit;
- appoint agents to transact any business of the association on its behalf; and
- enter into any other contract it considers necessary or desirable.
In addition, an association can do almost any lawful act so long as it is necessary or convenient for carrying out its objects or purposes.