Page:United States Statutes at Large Volume 112 Part 2.djvu/507

 •vl'^ PUBLIC LAW 105-225—AUG. 12, 1998 112 STAT. 1391 (d) LOANS. —The corporation may not make a loan or advance to an officer or member of the board of representatives. Officers and members of the board who vote for or assent to making a loan or advance to an officer or member of the board, and officers or members of the board 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. § 150509. Headquarters and principal office The headquarters and principal office 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. § 150510. Records and inspection (a) RECORDS. —The corporation shall keep— (1) correct and complete records of account; (2) minutes of the proceedings of its members, board of representatives, and committees having any of the authority of its board of representatives; and (3) at its principal office, a record of the names and addresses of its members entitled to vote. (b) INSPECTION. —^A member entitled to vote, or an agent or attorney of the member, may inspect the records of the corporation for any proper purpose, at any reasonable time. §150511. 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. Designation of the agent shall be filed in the office of the clerk of the United States District Court for the District of Columbia. Notice to or service on the agent, or mailed to the address of the agent, is notice to or service on the corporation. (b) STATES. —As a condition to the exercise in any State of any power or privilege granted by this chapter, the corporation shall file, with secretary of state or other designated official of that State, the name and address of an agent in that State on whom legal process or demsuids against the corporation may be served. § 150512. Liability for acts of officers and agents The corporation is liable for the acts of its officers and agents acting within the scope of their authority. § 150513. Distribution of assets on dissolution or Hnal liquidation On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be divided equally among the State and territorial societies in the District of Columbia. CHAPTER 1507—NATIONAL CONFERENCE ON CrriZENSHH* Sec. 150701. Oii^anization.

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