Page:United States Statutes at Large Volume 112 Part 2.djvu/533

 PUBLIC LAW 105-225—AUG. 12, 1998 112 STAT. 1417 and local, State, and regional chapters in appropriate places throughout the United States and its territories and possessions; (14) sue and be sued; and (15) do any other act necessary and proper to carry out the purposes of the corporation. § 152506. Exclusive right to name, seals, emblems, and badges The corporation and its subordinate divisions and regional, State, and local chapters have the exclusive right to use the name "National Safety Council". The corporation has the exclusive right to use and to allow others to use seals, emblems, and badges the corporation adopts. This section does not affect any vested rights. §152507. Restrictions (a) STOCK AND DIVIDENDS. — The corporation may not issue stock or declare or pay a dividend. (b) POLITICAL ACTIVITIES. — The corporation or a director, officer, or agent as such may not contribute to, support, or assist a political party or candidate for public office. (c) 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 except on dissolution or final liquidation of the corporation. This subsection does not prevent the payment of compensation to an officer in an amount approved by the board of directors. (d) LOANS.—The corporation may not make a loan to a director, officer, or employee. Directors who vote for or assent to making a loan to a director, officer, or employee, and officers who participate in making the loan, are jointly and severally liable to the corporation for the amount of the loan until it is repaid. §152508. Principal office The principal office of the corporation shall be in Chicago, Illinois, or another place decided by the board of directors. However, the activities of the corporation are not confined to the place where the principal office is located but may be conducted throughout the States, territories, and possessions of the United States, § 152509. 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 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. §152510. Service of process The corporation shall have a designated agent in the District of Columbia to receive service of process for the corporation. Notice

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