Page:United States Statutes at Large Volume 112 Part 2.djvu/513

 .fiS: - PUBLIC LAW 105-225—AUG. 12, 1998 112 STAT. 1397 (2) minutes of the proceedings of its members, board of directors, and committees having any of the authority of its board of directors; 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. § 150909. Statement required in audit report The corporation shall include in the audit report statement required under section 10101(b)(1)(B) of this title a schedule of all contracts requiring payments greater than $10,000 and all pay- ments of compensation or fees at a rate greater than $10,000 a year. § 150910. Service of process 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. §150911. 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. §150912. 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 distributed as provided by the board of directors, but consistent with the purposes of the corporation and in compliance with the bylaws. CHAPTER 1511—NATIONAL EDUCATION ASSOCLVTION OF THE UNITED STATES Sec. 151101. Organization. 151102. Purposes. 151103. Membership. 151104. Governing body. 151105. Powers. 151106. Tax exemption. 151107. Principal office. 151108. Nonapplication of audit requirements. §151101. Organization (a) FEDERAL CHARTER. —National Education Association of the United States (in this chapter, the "corporation") is a federally chartered corporation. (b) PLACE OF INCORPORATION.— The corporation is declared to be incorporated in the District of Columbia. (c) PERPETUAL EXISTENCE.—Except as otherwise provided, the corporation has perpetual existence, §151102. Purposes The purposes of the corporation are— (1) to elevate the character and advance the interests of the profession of teaching; and 59-194O-98 -17:QL3Part2

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