Page:United States Statutes at Large Volume 112 Part 2.djvu/601

 PUBLIC LAW 105-225—AUG. 12, 1998 112 STAT. 1485 advance, are jointly and severally liable to the corporation for the amount of the loan or advance until it is repaid. § 230308. Principal office The principal office of the corporation shall be in the District of Columbia or another place decided by the board of administration. However, the activities of the corporation are not confined to the place where the principal office is located but may be conducted in the District of Columbia and throughout the States, territories, and possessions of the United States. §230309. Records and inspection (a) RECORDS. — The corporation shall keep— (1) correct and complete records of account; and (2) minutes of the proceedings of its national convention and board of administration. (b) INSPECTION. —^A member, or an agent or attorney of the member, may inspect the records of the corporation for any proper purpose, at any reasonable time. §230310. 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. § 2303II. 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. §230312. Annual report Not later than March 1 of each year, the corporation shall submit a report to Congress on the activities of the corporation during the prior fiscal year. The report may consist of a report on the proceedings of the national convention. §230313. Termination of existence and distribution of assets (a) AUTHORITY TO MAKE CONTINGENT PROVISIONS.— The national convention, by resolution, may declare that the corporate existence will terminate on the occurrence of a specified event and provide for the disposition of any property remaining after the discharge of all liabilities. (b) PROCEDURE FOR CARRYING OUT CONTINGENT PROVISIONS. — (1) An authenticated copy of the national convention's resolution must be filed in the office of the United States District Court for the District of Columbia. (2) The court shall take jurisdiction when— (A) the declared event has occurred; and (B) a petition is filed with the court reciting the relevant facts. (3) On proof of the facts, the court shall enter an order vesting title and ownership in accordance with the resolution of the national convention. CHAPTER 2305—VIETNAM VETERANS OF AMERICA, INC. Sec. 230501. Definition.

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