Page:United States Statutes at Large Volume 99 Part 1.djvu/1043

 PUBLIC LAW 99-172—DEC. 9, 1985

99 STAT. 1021

homes and other institutions maintained by the States for the welfare of American veterans. (6) Participating, in a spirit of cooperation and reciprocity, in programs with other societies devoted to American history, veterans' affairs, or community interests. The corporation shall function as a veterans' and patriotic organization as authorized by the laws of the State or States in which it is incorporated. SERVICE OF PROCESS

SEC. 4. With respect to service of process, the corporation shall comply with the laws of the States in which it is incorporated and those States in which it carries on its activities in furtherance of its corporate purposes.

36 USC 3704.

MEMBERSHIP

SEC. 5. Eligibility for membership in the corporation and the rights and privileges of members of the corporation shall be as provided in the constitution and bylaws of the corporation.

36 USC 3705.

BOARD OF DIRECTORS; COMPOSITION; RESPONSIBIUTIES

SEC. 6. The composition of the board of directors of the corporation and the responsibilities of such board shall be as provided in the articles of incorporation of the corporation and in conformity with the laws of the State or States in which it is incorporated.

36 USC 3706.

OFFICERS OF CORPORATION

SEC. 7. The positions of officers of the corporation and the election of members to such positions shall be as provided in the articles of incorporation of the corporation and in conformity with the laws of the State or States in which it is incorporated.

36 USC 3707.

RESTRICTIONS

SEC. 8. (a) No part of the income or assets of the corporation may inure to the benefit of any member, officer, or director of the corporation or be distributed to any such individual during the life of this charter. Nothing in this subsection shall be construed to prevent the payment of reasonable compensation to the officers of the corporation or reimbursement for actual and necessary expenses in amounts approved by the board of directors. (b) The corporation may not make any loan to any officer, director, or employee of the corporation. (c)(l) The corporation may not contribute to, support, or otherwise participate in any political activity or attempt in any manner to influence legislation. (2) No officer or director of the corporation, acting as such officer or director, may commit any act prohibited under paragraph (1) of this subsection. (d) The corporation shall have no power to issue any shares of stock nor to declare or pay any dividends. (e) The corporation shall not claim congressional approval or the authorization of the Federal Government for any of its activities.

36 USC 3708.

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