An association shall have the capacity to act possessed by natural persons and the authority to do anything required or permitted by this subchapter and also:

1. 1. Continuation To continue as a corporation for the time specified in its articles;
2. 2. Seal To have a corporate seal and to alter the same at pleasure;
3. 3. Sue and be sued To sue and be sued in its corporate name;
4. 4. Bylaws To make bylaws for the government and regulation of its affairs;
5. 5. Acquire and dispose of property To acquire, own, hold, sell, lease, pledge, mortgage or otherwise dispose of any property incident to its purposes and activities;
6. 6. Own other corporations To own and hold membership in and share capital of other associations and any other corporations and any types of bonds or other obligations; and while the owner thereof to exercise all the rights of ownership;
7. 7. Borrow money; make contracts To borrow money, contract debts and make contracts, including agreements of mutual aid or federation with other associations, other groups organized on a cooperative basis and other nonprofit groups;
8. 8. Operate within and without State To conduct its affairs within or without this State;
9. 9. Powers of ordinary business corporations To exercise in addition any power granted to ordinary business corporations, save those powers inconsistent with this subchapter; and
10. 10. Other powers To exercise all powers not inconsistent with this subchapter which may be necessary, convenient or expedient for the accomplishment of its purposes, and to that end, the powers enumerated in this section shall not be deemed exclusive.