Collapse to view only § 80502. Organization
- § 80501. Definition
- § 80502. Organization
- § 80503. Purposes
- § 80504. Membership
- § 80505. Governing body
- § 80506. Powers
- § 80507. Restrictions
- § 80508. Duty to maintain tax-exempt status
- § 80509. Records and inspection
- § 80510. Service of process
- § 80511. Liability for acts of officers and agents
- § 80512. 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 bylaws and articles of incorporation filed in the State in which it is incorporated.
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 and in accordance with the laws of the States in which it carries on its activities.
The corporation shall submit an annual report to Congress on the activities of the corporation during the prior calendar year. The report may not be printed as a public document.