Page:United States Statutes at Large Volume 112 Part 2.djvu/581

 PUBLIC LAW 105-225—AUG. 12, 1998 112 STAT. 1465 jointly and severally liable to the corporation for the amount of the loan or advance until it is repaid. § 220309. Duty to maintain corporate status The corporation shall maintain its status as a corporation incorporated under the laws of the District of Columbia or a State. §220310. Principal office The principal office of the corporation shall be in the District of Columbia or another place decided by the board of trustees. 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. §220311. 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 trustees, and committees having any of the authority of its board of trustees; 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. §220312. 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. § 220313. 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. § 220314. Annual report and audit (a) ANNUAL REPORT. — The corporation shall submit an annual report to each House of Congress on the activities of the corporation during the prior fiscal year. The report shall be submitted as soon as practical after the end of each fiscal year. (b) AUDIT.— In addition to complying with the audit requirements of section 10101 of this title, the corporation shall comply with section 451 of the Legislative Reorganization Act of 1970 (40 U.S.C. 193m-l). §220315. 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 trustees, but in compliance with the constitution and bylaws of the corporation. CHAPTER 2205—UNITED STATES OLYMPIC COMMITTEE Post, p. SUBCHAPTER I—CORPORATION 2681-603. Sec.

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