Collapse to view only § 150904. Governing body
- § 150901. Organization
- § 150902. Purposes
- § 150903. Membership
- § 150904. Governing body
- § 150905. Powers
- § 150906. Restrictions
- § 150907. Principal office
- § 150908. Records and inspection
- § 150909. Statement required in audit report
- § 150910. Service of process
- § 150911. Liability for acts of officers and agents
- § 150912. Distribution of assets on dissolution or final liquidation
The principal office of the corporation shall be in the District of Columbia or another place decided by the board of directors. However, the activities of the corporation may be conducted throughout the world.
The corporation shall include in the audit report statement required under section 10101(b)(1)(B) of this title a schedule of all contracts requiring payments greater than $10,000 and all payments of compensation or fees at a rate greater than $10,000 a year.
The corporation shall have a designated agent in the District of Columbia to receive service of process for the corporation. Notice to or service on the agent, or mailed to the business address of the agent, is notice to or service on the corporation.
The corporation is liable for the acts of its officers and agents acting within the scope of their authority.
On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be distributed as provided by the board of directors, but consistent with the purposes of the corporation and in compliance with the bylaws.