Page:United States Statutes at Large Volume 112 Part 2.djvu/564

 112 STAT. 1448 PUBLIC LAW 105-225 —AUG. 12, 1998 (4) acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation; (5) publish a magazine, newspaper, and other publications; (6) establish, regulate, and discontinue subordinate departmental subdivisions and local chapters; (7) sue and be sued; and (8) do any other act necessary and proper to carry out the purposes of the corporation. § 190106. Exclusive right to name, seals, emblems, and badges The corporation and its subordinate departmental subdivisions and local chapters have the exclusive right to use the name "Reserve Officers Association of the United States" and seals, emblems, and badges the corporation adopts. §190107. Restrictions (a) PROFIT. —The corporation may not engage in business for profit. (b) STOCK.— The corporation may not issue stock. (c) POLITICAL ACTIVITIES. —The corporation or an officer or member as such may not contribute to, support, or assist a political party or candidate for public office. (d) DISTRIBUTION OF INCOME OR ASSETS.— The income or assets of the corporation may not inure to the benefit of, or be distributed to, an officer or member except on dissolution or final liquidation of the corporation. (e) LOANS. —The corporation may not make a loan or advance to an officer or member of the national executive committee. Members of the national executive committee who vote for or assent to making a loan or advance to an 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. §190108. Headquarters The headquarters of the corporation shall be in the District of Columbia. § 190109. Records and inspection (a) RECORDS.— The corporation shall keep— (1) correct and complete records of account; (2) minutes of the proceedings of its national conventions, national executive committee, and national council; 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. §190110. 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 is notice to or service on the corporation. (b) STATES, TERRITORIES, AND POSSESSIONS. — As a condition to the exercise of any power or privilege granted by this chapter.

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