For purposes of this chapter, the term "State" includes the District of Columbia, the Commonwealth of Puerto Rico, and the territories and possessions of the United States. (Pub. L. 97-83, § 14, Nov. 20, 1981, 95 Stat. 1096.) § 1814. Tax-exempt status The corporation shall maintain its status as an organization exempt from taxation as provided in title 26. If the corporation fails to maintain such status, the charter granted hereby shall expire. (Pub. L. 97-83, § 15, Nov. 20, 1981, 95 Stat. 1096.) § 1815. Failure to comply with restrictions or provisions If the corporation shall fail to comply with any of the restrictions or provisions of this chapter, the charter granted hereby shall expire. (Pub. L. 97-83, § 16, Nov. 20, 1981, 95 Stat. 1096.) 'So in original. Probably should be “is”. 1913. 1914. Officers. Restrictions. (a) Distribution of income or assets to members. (b) Loans. (c) Political activities. (d) Issuance of stock; dividends. (e) Claim of approval or authorization. Liability for acts of officers and agents. Books and records; inspection. Annual report. Reservation of right to amend or repeal chapter. "State" defined. Tax-exempt status. § 1901. Recognition as corporation and grant of Federal charter The American Council of Learned Societies, organized and incorporated under the Nonprofit Corporation Act of the District of Columbia [D.C. Code, § 29-501 et seq.), is hereby recognized as such and is granted a charter. (Pub. L. 97-192, § 1, June 1, 1982, 96 Stat. 109.) REFERENCES IN TEXT The Nonprofit Corporation Act of the District of Columbia, referred to in text, probably means the District of Columbia Nonprofit Corporation Act, Pub. L. 87-569, Aug. 6, 1962, 76 Stat. 265, as amended, which appears in chapter 5 (§ 29-501 et seq.) of Title 29, Corporations, of the District of Columbia Code. § 1902. Powers of corporation American Council of Learned Societies (hereinafter referred to as the "corporation") shall have only those powers granted to it through its bylaws and articles of incorporation filed in the State or States in which it is incorporated and subject to the laws of such State or States. (Pub. L. 97-192, § 2, June 1, 1982, 96 Stat. 109.) § 1903. Objects and purposes of corporation The objects and purposes of the corporation are those provided in its articles of incorporation and shall include the advancement of the humanistic studies in all fields of learning and the maintenance and strengthening of relations among the national societies devoted to such studies, and the corporation shall function as authorized by the laws of the State or States where it is incorporated. (Pub. L. 97-192, § 3, June 1, 1982, 96 Stat. 109.) § 1904. Service of process With respect to service of process, the corporation shall comply with the laws of the States in which it is incorporated and those States in which it carries on its activities in furtherance of its corporate purposes. (Pub. L. 97-192, § 4, June 1, 1982, 96 Stat. 109.) § 1905. Membership Eligibility for membership in the corporation and the rights and privileges of members shall, except as provided in this chapter, be as provided in the constitution and bylaws of the corporation. (Pub. L. 97-192, § 5, June 1, 1982, 96 Stat. 109.) § 1906. Board of directors The board of directors of the corporation and the responsibilities thereof shall be as provided in the articles of incorporation of the corporation and in conformity with the laws of the State or States in which it is incorporated. (Pub. L. 97-192, § 6, June 1, 1982, 96 Stat. 109.) § 1907. Officers The officers of the corporation, and the election of such officers shall be as is provided in the articles of incorporation of the corporation and in conformity with the laws of the State or States wherein it is incorporated. (Pub. L. 97-192, § 7, June 1, 1982, 96 Stat. 110.) § 1908. Restrictions (a) Distribution of income or assets to members No part of the income or assets of the corporation shall inure to any member, officer, or director of the corporation or be distributed to any such person during the life of this charter. Nothing in this subsection shall be construed to prevent the payment of reasonable compensation to the officers of the corporation or reimbursement for actual necessary expenses in amounts approved by the board of directors. (b) Loans The corporation shall not make any loan to any officer, director, or employee of the corporation. (c) Political activities The corporation and any officer and director of the corporation, acting as such officer or director, shall not contribute to, support or otherwise participate in any political activity or in any manner attempt to influence legislation. (d) Issuance of stock; dividends The corporation shall have no power to issue any shares of stock nor to declare or pay any dividends. (e) Claim of approval or authorization The corporation shall not claim congressional approval or Federal Government authority for any of its activities. (Pub. L. 97-192, § 8, June 1, 1982, 96 Stat. 110.) § 1909. Liability for acts of officers and agents The corporation shall be liable for the acts of its officers and agents when acting within the scope of their authority. (Pub. L. 97-192, § 9, June 1, 1982, 96 Stat. 110.) § 1910. Books and records; inspection The corporation shall keep correct and complete books and records of account and shall keep minutes of any proceeding of the corporation involving any of its members, the board of directors, or any committee having authority under the board of directors. The corporation shall keep at its principal office a record of the names and addresses of all members having the right to vote. All books and records of such corporation may be inspected by any member having the right to vote, or by any agent or attorney of such member, for any proper purpose, at any reasonable time. Nothing in this section shall be construed to contravene any applicable State law. (Pub. L. 97-192, § 10, June 1, 1982, 96 Stat. 110.) § 1911. Annual report The corporation shall report annually to the Congress concerning the activities of the corporation during the preceding fiscal year. Such annual report shall be submitted at the same time as in the report of the audit required by section 1101(56) of this title. The report shall not be printed as a public document. (Pub. L. 97-192, § 12 June 1, 1982, 96 Stat. 111.) REFERENCES IN TEXT Section 1101(56) of this title, referred to in text, was in the original "section 11 of this Act", meaning sec tion 11 of Pub. L. 97-192, which amended section 1101 of this title to include the American Council of Learned Societies within the definition of "private corporations established under Federal law". Section 1103 of this title requires a report to Congress on the annual audit of private corporations established under Federal law. § 1912. Reservation of right to amend or repeal chap. ter The right to alter, amend, or repeal this chapter is expressly reserved to the Congress. (Pub. L. 97-192, § 13, June 1, 1982, 96 Stat. 111.) § 1913. "State" defined For purposes of this chapter, the term "State" includes the District of Columbia, the Commonwealth of Puerto Rico, and the territories and possessions of the United States. (Pub. L. 97-192, § 14, June 1, 1982, 96 Stat. 111.) § 1914. Tax-exempt status The corporation shall maintain its status as an organization exempt from taxation as provided in title 26. If the corporation fails to maintain such status, the charter granted hereby shall expire. (Pub. L. 97-192, § 15, June 1, 1982, 96 Stat. 111.) 'So in original. Probably should be "is". § 2003. Objects and purposes of corporation The objects and purposes for which the cor- (1) to bring into working relations with one (2) to aid and encourage musical education; (3) to promote American music and Ameri- The corporation shall function as a patriotic, (Pub. L. 97-231, § 3, Aug. 9, 1982, 96 Stat. 256.) With respect to service of process, the corpo- in which it is incorporated and those States in (Pub. L. 97-231, § 4, Aug. 9, 1982, 96 Stat. 256.) Eligibility for membership in the corporation The board of directors of the corporation and The officers of the corporation, and the elec- (Pub. L. 97-231, § 7, Aug. 9, 1982, 96 Stat. 257.) (a) Distribution of income or assets to members No part of the income or assets of the corpo- The corporation shall not make any loan to (c) Political activities The corporation and any officer and director The corporation shall have no power to issue (e) Claim of approval or authorization The corporation shall not claim congressional (f) Retention of State corporate status The corporation shall retain and maintain its § 2009. Liability for acts of officers and agents The corporation shall be liable for the acts of (Pub. L. 97-231, § 9, Aug. 9, 1982, 96 Stat. 257.) 8 2010. Books and records; inspection The corporation shall keep correct and com- (Pub. L. 97-231, § 10, Aug. 9, 1982, 96 Stat. 257.) § 2011. Annual report The corporation shall report annually to the (Pub. L. 97-231, § 12, Aug. 9, 1982, 96 Stat. 258.) REFERENCES IN TEXT Section 1101(53) of this title, referred to in text, was § 2012. Reservation of right to amend or repeal chap- The right to alter, amend, or repeal this chap- § 2013. "State" defined For purposes of this chapter, the term § 2014. Tax-exempt status The corporation shall maintain its status as (Pub. L. 97-231, § 15, Aug. 9, 1982, 96 Stat. 258.) 1 So in original. Probably should be "to". 2115. Board of directors. Officers. Restrictions. (a) Distribution of income or assets to (b) Loans. (c) Political activities. (d) Issuance of stock; dividends. (e) Claim of approval or authorization. (f) Retention of State corporate status. Annual report. Reservation of right to amend or repeal "State" defined. Tax-exempt status. Exclusive right to name and emblem. § 2101. Recognition as corporation and grant of Fed- American Ex-Prisoners of War, organized and 1 So in original. Probably should be followed by a comma. City, Oklahoma; Melvin Routt, Tracy, California; John Romine, Muskogee, Oklahoma; Christopher Morgan, Old Bridge, New Jersey; Allen Smith, Diana, Texas; and John G. Flynn, San Antonio, Texas, is hereby recognized as such and is granted a charter. (Pub. L. 97-234, § 1, Aug. 10, 1982, 96 Stat. 261.) § 2102. Powers of corporation American Ex-Prisoners of War (hereafter in this chapter referred to as the "corporation") shall have only those powers granted to it through its bylaws and articles of incorporation filed in the State or States in which it is incorporated and subject to the laws of such State or States. (Pub. L. 97-234, § 2, Aug. 10, 1982, 96 Stat. 261.) § 2103. Objects and purposes of corporation The objects and purposes of the corporation are those provided in its articles of incorporation and shall include (1) encouragement of fraternity for the common good; (2) fostering patriotism and loyalty; (3) assistance to widows and orphans of deceased ex-prisoners of war; (4) assistance to ex-prisoners of war who have been injured or handicapped as a result of their service; (5) maintenance of allegiance to the United States of America; (6) preservation and defense of the United States from all of her enemies; and (7) maintenance of historical records. (Pub. L. 97-234, § 3, Aug. 10, 1982, 96 Stat. 261.) § 2104. Service of process With respect to service of process, the corporation shall comply with the laws of the States in which it is incorporated and those States in which it carries on its activities in furtherance of its corporate purposes. (Pub. L. 97-234, § 4, Aug. 10, 1982, 96 Stat. 262.) § 2105. Membership Eligibility for membership in the corporation and the rights and privileges of members shall be as provided in the bylaws of the corporation. (Pub. L. 97-234, § 5, Aug. 10, 1982, 96 Stat. 262.) 82106. Board of directors The board of directors of the corporation and the responsibilities thereof shall be as provided in the articles of incorporation of the corporation and in conformity with the laws of the State or States in which it is incorporated. (Pub. L. 97-234, § 6, Aug. 10, 1982, 96 Stat. 262.) § 2107. Officers The officers of the corporation, and the election of such officers shall be as is provided in the articles of incorporation of the corporation and in conformity with the laws of the State or States wherein it is incorporated. (Pub. L. 97-234, § 7, Aug. 10, 1982, 96 Stat. 262.) § 2108. Restrictions (a) Distribution of income or assets to members No part of the income or assets of the corporation shall inure to any member, officer, or director of the corporation or be distributed to any such person during the life of this charter. Nothing in this subsection shall be construed to prevent the payment of reasonable compensation to the officers of the corporation or reimbursement for actual necessary expenses in amounts approved by the board of directors. (b) Loans The corporation shall not make any loan to any officer, director, or employee of the corporation. (c) Political activities The corporation and any officer and director of the corporation, acting as such officer or director, shall not contribute to, support, or otherwise participate in any political activity or in any manner attempt to influence legislation. (d) Issuance of stock; dividends The corporation shall have no power to issue any shares of stock nor to declare or pay any dividends. (e) Claim of approval or authorization The corporation shall not claim congressional approval or Federal Government authority for any of its activities. (f) Retention of State corporate status The corporation shall retain and maintain its status as a corporation organized and incorporated under the laws of the State of Washington. (Pub. L. 97-234, § 8, Aug. 10, 1982, 96 Stat. 262.) § 2109. Liability for acts of officers and agents The corporation shall be liable for the acts of its officers and agents when acting within the scope of their authority. (Pub. L. 97-234, § 9, Aug. 10, 1982, 96 Stat. 263.) § 2110. Books and records; inspection The corporation shall keep correct and complete books and records of account and shall keep minutes of any proceeding of the corporation involving any of its members, the board of directors, or any committee having authority under the board of directors. The corporation shall keep at its principal office a record of the names and addresses of all members having the right of vote. All books and records of such corporation may be inspected by any member having the right to vote, or by any agent or attorney of such member, for any proper purpose, at any reasonable time. Nothing in this section shall be construed to contravene any applicable State law. (Pub. L. 97-234, § 10, Aug. 10, 1982, 96 Stat. 263.) 'So in original. Probably should be "to". |