Collapse to view only § 150409. Restrictions
- § 150401. Organization
- § 150402. Purposes
- § 150403. Membership
- § 150404. Board of directors
- § 150405. Officers
- § 150406. Nondiscrimination
- § 150407. Powers
- § 150408. Exclusive right to name, seals, emblems, and badges
- § 150409. Restrictions
- § 150410. Duty to maintain tax-exempt status
- § 150411. Records and inspection
- § 150412. Service of process
- § 150413. Liability for acts of officers and agents
- § 150414. Failure to comply with requirements
- § 150415. Annual report
The National American Indian Veterans, Incorporated, a nonprofit corporation organized in the United States (referred to in this chapter as the “corporation”), is a federally chartered corporation.
Subject to section 150406, eligibility for membership in the corporation, and the rights and privileges of members, shall be as provided in the constitution and bylaws of the corporation.
Subject to section 150406, the board of directors of the corporation, and the responsibilities of the board, shall be as provided in the constitution and bylaws of the corporation and in conformity with the laws under which the corporation is incorporated.
Subject to section 150406, the officers of the corporation, and the election of such officers, shall be as provided in the constitution and bylaws of the corporation and in conformity with the laws of the jurisdiction under which the corporation is incorporated.
In establishing the conditions of membership in the corporation, and in determining the requirements for serving on the board of directors or as an officer of the corporation, the corporation may not discriminate on the basis of race, color, religion, sex, national origin, handicap, or age.
The corporation shall have only those powers granted the corporation through its articles of incorporation, constitution, and bylaws, which shall conform to the laws of the jurisdiction under which the corporation is incorporated.
The corporation shall maintain its status as an organization exempt from taxation under the Internal Revenue Code of 1986.
The corporation shall be liable for the acts of the officers and agents of the corporation acting within the scope of their authority.
If the corporation fails to comply with any of the requirements of this chapter, including the requirement under section 150410 to maintain its status as an organization exempt from taxation, the charter granted by this chapter shall expire.