Page:United States Statutes at Large Volume 123.djvu/3023

 123STA T . 3 0 03 PUBLIC LA W 111 –95—NOV . 6, 2009 ‘ ‘ §140 40 7.Tax-e xe mpts tat u s r e q u i re d as con dition o f c h arter ‘ ‘ Ifthecorp or a t i o n fai ls to m aintain its stat u sasanor g ani z a - tion e x empt from taxation un d er the Internal R e v enue C ode of 1986, the charter granted under this chapter shall terminate . ‘‘§ 14040 8 . R ecords and inspection ‘‘ ( a ) R ECORDS . —T he corporation shall k eep— ‘‘(1) correct and complete records of account ‘‘( 2 ) minutes of the proceedings of the mem b ers, board of directors, and committees of the corporation having an y of the authority of the board of directors of the corporation; and ‘‘( 3 ) at the principal office of the corporation, a record of the names and addresses of the members of the corporation entitled to vote on matters relating to the corporation. ‘‘(b) I N S P EC TI ON.— A member entitled to vote on any matter relating to the corporation, or an agent or attorney of the member, may inspect the records of the corporation for any proper purpose at any reasonable time. ‘‘§ 14040 9 . S er v ice of process ‘‘The corporation shall comply w ith the law on service of process of each S tate in which it is incorporated and each State in which it carries on activities. ‘‘§ 140410. L ia b i l it y for acts of officers and a g ents ‘‘The corporation is liable for any act of any officer or agent of the corporation acting within the scope of the authority of the corporation. ‘‘§ 140411. A nnual report ‘‘The corporation shall submit to Congress an annual report on the activities of the corporation during the preceding fiscal year. The report shall be submitted at the same time as the report of the audit re q uired by section 1 0 101(b) of this title. The report may not be printed as a public document. ‘‘§ 14041 2 . D efinition ‘‘In this chapter, the term ‘State ’ includes the D istrict of Columbia and the territories and possessions of the U nited States.’’. (b) C L ERIC A LA M ENDMENT.—The table of chapters at the begin- ning of subtitle II of title 36, United States Code, is amended