Federal Charters for Nonprofit Corporations: Hearings, Ninety-second Congress, First Session ...

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Page 93 - or persons conducting the audit; and full facilities for verifying transactions with the balances or securities held by depositories, fiscal agents, and custodians shall be afforded to such person or persons. (b) A report of such audit shall be submitted to the Congress not later than six months following the close of
Page 69 - Sec. 11. (a) No part of the income or assets of the corporation Shall inure to any of its members, directors, or officers as such, or be distributable to any of them during the life of the corporation or upon its dissolution or final liquidation. Nothing in this subsection, however, shall be construed to prevent the payment of
Page 28 - keep minutes of the proceedings of its members, board of directors, and committees having any of the authority of the board of directors; and it shall also keep at its principal office a record of the names and addresses of its members entitled to vote. All books and records of the corporation may be
Page 25 - the board of directors. The corporation shall keep at its principal office a record of the names and addresses of its members entitled to vote. All books and records of the corporation may be inspected by any member, or his agent or attorney, for any proper purpose, at any reasonable time. Sec.
Page 92 - liable to the corporation for the amount of such loan until the repayment thereof. NONPOLITICAL NATURE OF CORPORATION Sec. 10. The corporation, and its officers, directors, and duly appointed agents as such, shall not contribute to or otherwise support or assist any political party or candidate for office.
Page 114 - That it is a corporation which does not contemplate pecuniary gain or profit to the members thereof. The county in this state where the principal office for the transaction of the business of the corporation is to be located is the county of Los Angeles.
Page 71 - committees having authority under the board of directors; and it shall also keep at its principal office a record of the names and addresses of its members entitled to vote. All books and records of the corporation may be inspected by any member entitled to vote, or his agent or attorney, for any proper purpose, at any reasonable time. AUDIT OF FINANCIAL TRANSACTIONS Sec.
Page 53 - the United States. (b) The corporation shall maintain at all times in the District of Columbia a designated agent authorized to accept service of process for the corporation. Service upon, or notice mailed to the business address of, such agent, shall be deemed notice to or service upon the corporation.
Page 33 - in which such corporation is to operate, for the management of its property and the regulation of its affairs; (5) to make and carry out contracts; (6) to charge and collect membership dues, subscription fees, and receive contributions or grants of
Page 95 - the State of New York, upon discharging or satisfactorily providing for the payment and discharge of all of the liability of such corporation and upon complying with all laws of the State of New York applicable thereto. RESERVATION OF RIGHT TO AMEND OR REPEAL CHARTER Sec. 18. The right to alter, amend, or repeal

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