Page:United States Statutes at Large Volume 112 Part 2.djvu/648

 112 STAT. 1532 PUBLIC LAW 105-231—AUG. 13, 1998 36 USC SEC. 9. LIABILITY. The corporation shall be liable for the acts of its officers, directors, employees, and agents whenever such individuals act within the scope of their authority. 36 USC SEC. 10. MAINTENANCE AND INSPECTION OF BOOKS AND RECORDS. (a) BOOKS AND RECORDS OF ACCOUNT.— The corporation shall keep correct and complete books and records of account and minutes of any proceeding of the corporation involving any of its members, the board of directors, or any committee having authority under the board of directors. (b) NAMES AND ADDRESSES OF MEMBERS. — The corporation shall keep at its principal office a record of the names and addresses of all members having the right to vote in any proceeding of the corporation. (c) RIGHT TO INSPECT BOOKS AND RECORDS.— Al l books and records of the corporation may be inspected by any member having the right to vote in any proceeding of the corporation, or by any agent or attorney of such member, for any proper purpose at any reasonable time. (d) APPLICATION OF STATE LAW.— This section may not be construed to contravene any applicable State law. SEC 11. AUDIT OF FINANCIAL TRANSACTIONS. The first section of the Act entitled "An Act to provide for audit of accounts of private corporations established under Federal law", approved August 30, 1964 (36 U.S.C. 1101), is amended by adding at the end the following: "(80) American GI Forum of the United States.". 36 USC SEC. 12. ANNUAL REPORT. The corporation shall annually submit to Congress a report concerning the activities of the corporation during the preceding fiscal year. The annual report shall be submitted on the same date as the report of the audit required by reason of the amendment made in section 11. The annual report shall not be printed as a public document. 36 USC SEC. 13. RESERVATION OF RIGHT TO ALTER, AMEND, OR REPEAL app. 5912. CHARTER. The right to alter, amend, or repeal this Act is expressly reserved to Congress. 36 USC SEC. 14. TAX-EXEMPT STATUS REQUIRED AS CONDITION OF CHARTER. If the corporation fails to maintain its status as a corporation exempt from taxation as provided in the Internal Revenue Code of 1986 the charter granted in this Act shall terminate. 36 USC SEC. 15. TERMINATION. ^^'^' The charter granted in this Act shall expire if the corporation fails to comply with any of the provisions of this Act.

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