Page:United States Statutes at Large Volume 112 Part 2.djvu/448

 112 STAT. 1332 PUBLIC LAW 105-225—AUG. 12, 1998 (4) provide an organization of private citizens with adequate facilities to assist in meeting local and national emergencies. §40303. Membership Eligibility for membership in the corporation and the rights and privileges of members are as provided in the constitution and bylaws of the corporation. §40304. Powers The corporation may— (1) adopt and amend a constitution, bylaws, and regulations; (2) adopt and alter a corporate seal; (3) establish and maintain offices in the District of Columbia and the States, territories, and possessions of the United States to conduct its affairs; (4) acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation; (5) sue and be sued; and (6) do any other act necessary and proper to carry out the purposes of the corporation. §40305. Restrictions The corporation may not engage in business for profit or issue stock. §40306. Exclusive right to name, insignia, copyrights, emblems, badges, marks, and words The corporation has the exclusive right to use the name "Civil Air Patrol" and all insignia, copyrights, emblems, badges, descriptive or designating marks, words, and phrases the corporation adopts. This section does not affect any vested rights. §40307. Annual report The corporation shall submit an annual report to Congress on the activities of the corporation during the prior fiscal year. CHAPTER 405—CONGRESSIONAL MEDAL OF HONOR SOCIETY OF THE UNITED STATES OF AMERICA Sec. 40501. Organization. 40502. Purposes. 40503. Membership. 40504. Governing body. 40505. Powers. 40506. Restrictions. 40507. Principal office. 40508. Records and inspection. 40509. Service of process. 40510. Liability. 40511. Distribution of assets on dissolution or final liquidation. §40501. Organization (a) FEDERAL CHARTER. —Congressional Medal of Honor Society of the United States of America (in this chapter, the "corporation") is a federally chartered corporation. (b) PLACE OF INCORPORATION AND DOMICILE. —The corporation is declared to be incorporated and domiciled in the District of Columbia.

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