Collapse to view only § 80106. Distribution of assets on dissolution

§ 80101. Organization
(a)Federal Charter.—General Federation of Women’s Clubs (in this chapter, the “corporation”) is a body corporate and politic of the District of Columbia.
(b)Perpetual Existence.—Except as otherwise provided, the corporation has perpetual existence.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1360.)
§ 80102. Purposes

The corporation shall be organized and operated exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the Internal Revenue Code of 1986 (26 U.S.C. 501(c)(3)) and shall comply with the requirements for classification as an exempt organization under section 501(c)(3). The charitable purposes of the corporation shall be achieved through volunteer efforts by the members of the corporation, including arts programs, conservation programs, educational programs, homelife programs, international affairs, public affairs programs advancing information about public affairs, and community improvement programs.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1360.)
§ 80103. Constitution and bylaws

The corporation shall have a constitution and may adopt bylaws for the admission and qualifications of members, the management of its property, and the regulation of its affairs. The corporation may amend its constitution and bylaws.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1360.)
§ 80104. Property
The corporation may—
(1) acquire, own, lease, encumber, and transfer property as necessary to carry out the purposes of the corporation; and
(2) issue instruments of indebtedness in relation to its real property.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1360.)
§ 80105. Principal office and meetings
(a)Principal Office.—The principal office of the corporation shall be in the District of Columbia.
(b)Meetings.—The corporation may hold its meetings at places outside the District of Columbia.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1360.)
§ 80106. Distribution of assets on dissolution

On dissolution of the corporation, the board of directors shall liquidate and distribute its assets to organizations qualified as exempt organizations under section 501(c)(3) of the Internal Revenue Code of 1986 (26 U.S.C. 501(c)(3)) with purposes similar to those of the corporation.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1360.)