Page:United States Statutes at Large Volume 112 Part 2.djvu/424

 112 STAT. 1308 PUBLIC LAW 105-225—AUG. 12, 1998 § 22706. Exclusive right to name, seals, emblems, and badges The corporation and its State, regional, and local subdivisions have the exclusive right to use the name "AMVETS (American Veterans of World War II, Korea, and Vietnam)" and seals, emblems, and badges the corporation adopts. §22707. Restrictions (a) PROFIT. —The corporation shall operate as a not-for-profit corporation, exclusively for charitable, educational, patriotic, and civic improvement purposes. (b) STOCK AND DIVIDENDS. — The corporation may not issue stock or declare or pay a dividend. (c) POLITICAL ACTIVITIES. — The corporation or an officer of the corporation or member of its executive committee as such may not contribute to, support, or assist a political party or candidate for elective public office. The corporation may not carry on propaganda. (d) DISTRIBUTION OF INCOME OR ASSETS. —The income or assets of the corporation may not inure to the benefit of, or be distributed to, a director, officer, or member of the corporation, except on dissolution or final liquidation of the corporation. (e) LOANS. —The corporation may not make a loan or advance to a director or officer. Directors who vote for or assent to making a loan or advance to a director or officer, and officers who participate in making the loan or advance, are jointly and severally liable to the corporation for the amount of the loan or advance until it is repaid. § 22708. Headquarters and principal place of business The headquarters and principal place of business of the corporation shall be in the District of Columbia. However, the activities of the corporation are not confined to the District of Columbia but may be conducted throughout the States, territories, and possessions of the United States. § 22709. Records and inspection (a) RECORDS. — The corporation shall keep— (1) correct and complete records of account; (2) minutes of the proceedings of its members, executive committee, and committees having any of the authority of its executive committee; and (3) at its registered or principal office, a record of the names and addresses of its members entitled to vote. (b) INSPECTION.—A member, or an agent or attorney of the member, may inspect the records of the corporation for any proper purpose, at any reasonable time. § 22710. Service of process (a) DISTRICT OF COLUMBIA.— The corporation shall have a designated agent in the District of Columbia to receive service of process for the corporation. Notice to or service on the agent, or mailed to the business address of the agent, is notice to or service on the corporation. (b) STATES.— As a condition to the exercise of any power or privilege granted by this chapter, the corporation shall file, with the secretary of state or other designated official of each State,

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