Page:United States Statutes at Large Volume 99 Part 1.djvu/1044

 99 STAT. 1022

PUBLIC LAW 99-172—DEC. 9, 1985 LIABILTTY

36 USC 3709.

SEC. 9. The corporation shall be liable for the acts of its officers and agents whenever such officers and agents have acted within the scope of their authority. BOOKS AND

36 USC 3710.

RECORDS;

INSPECTION

SEC. 10. 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. 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. All books and records of such corporation may be inspected by any member having the right to vote in any corporation proceeding, or by any agent or attorney of such member, for any proper purpose at any reasonable time. Nothing in this section shall be construed to contravene any applicable State law. AUDIT OF FINANCIAL TRANSACTIONS

SEC. 11. 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 thereof the following: "(70) Daughters of Union Veterans of the Civil War 18611865.". ANNUAL REPORT

36 USC 3711.

SEC. 12. The corporation shall report annually to the Congress concerning the activities of the corporation during the preceding fiscal year. Such annual report shall be submitted at the same time as the report of the audit required by section 11 of this Act. The report shall not be printed as a public document. RESERVATION OF RIGHT TO AMEND OR REPEAL CHARTER

Congress. 36 USC 3712.

SEC. 13. The right to alter, amend, or repeal this Act is expressly reserved to the Congress. DEFINITION OF " S T A T E "

36 USC 3713.

SEC 14. For purposes of this Act, the term "State" includes the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, and the territories and possessions of the United States. TAX-EXEMPT STATUS

36 USC 3714.

SEC 15. The corporation shall maintain its status as an organization exempt from taxation as provided in the Internal Revenue Code

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