Collapse to view only § 230509. Duty to maintain tax-exempt status
- § 230501. Definition
- § 230502. Organization
- § 230503. Purposes
- § 230504. Membership
- § 230505. Governing body
- § 230506. Powers
- § 230507. Exclusive right to name, seals, emblems, and badges
- § 230508. Restrictions
- § 230509. Duty to maintain tax-exempt status
- § 230510. Records and inspection
- § 230511. Service of process
- § 230512. Liability for acts of officers and agents
- § 230513. Annual report
For purposes of this chapter, “State” includes the District of Columbia and the territories and possessions of the United States.
The corporation has only the powers provided in its articles of incorporation filed in the State of incorporation and in its constitution and bylaws.
The corporation has the exclusive right to use the names “The Vietnam Veterans of America, Inc.”, “Vietnam Veterans of America, Inc.”, and “Vietnam Veterans of America”, and seals, emblems, and badges the corporation adopts. This section does not affect any vested rights.
The corporation shall maintain its status as an organization exempt from taxation under the Internal Revenue Code of 1986 (26 U.S.C. 1 et seq.).
The corporation shall comply with the law on service of process of each State in which it is incorporated and each State in which it carries on activities.
The corporation is liable for the acts of its officers and agents acting within the scope of their authority.
The corporation shall submit an annual report to Congress on the activities of the corporation during the prior fiscal year. The report shall be submitted at the same time as the report of the audit required by section 10101 of this title. The report may not be printed as a public document.