|
H.R.1085
To
revise, codify, and enact without substantive change certain general and
permanent laws, related to patriotic and national observances,
ceremonies, and organizations, as title 36,... (House Bill Referred to a
Senate Committee)
CHAPTER 601--82ND AIRBORNE DIVISION ASSOCIATION, INCORPORATED
Sec.
60101. Definition.
60102. Organization.
60103. Purposes.
60104. Membership.
60105. Governing body.
60106. Powers.
60107. Restrictions.
60108. Duty to maintain tax-exempt status.
60109. Records and inspection.
60110. Service of process.
60111. Liability for acts of officers and agents.
60112. Annual report.
Sec. 60101. Definition
For purposes of this chapter, `State' includes the District of
Columbia and the territories and possessions of the United States.
Sec. 60102. Organization
(a) FEDERAL CHARTER- 82nd Airborne Division Association,
Incorporated (in this chapter, the `corporation'), a nonprofit
corporation incorporated in Illinois, is a federally chartered
corporation.
(b) EXPIRATION OF CHARTER- If the corporation does not comply with
any provision of this chapter, the charter granted by this chapter
expires.
Sec. 60103. Purposes
The purposes of the corporation are as provided in the articles of
incorporation and include--
(1) perpetuating the memory of members of the 82nd Airborne
Division who fought and died for this country;
(2) furthering the common bond between retired and active members
of the 82nd Airborne Division;
(3) providing educational assistance in the form of college
scholarships and grants to the qualified children of current and
former members of the 82nd Airborne Division;
(4) promoting civic and patriotic activities; and
(5) promoting the indispensable role of airborne defense to the
national security of the United States.
Sec. 60104. Membership
(a) ELIGIBILITY- Except as provided in this chapter, eligibility
for membership in the corporation and the rights and privileges of
members are as provided in the constitution and bylaws of the
corporation.
(b) NONDISCRIMINATION- The terms of membership may not discriminate
on the basis of race, color, religion, sex, disability, or national
origin.
Sec. 60105. Governing body
(a) BOARD OF DIRECTORS- The board of directors and the
responsibilities of the board are as provided in the articles of
incorporation.
(b) OFFICERS- The officers and the election of officers are as
provided in the articles of incorporation.
(c) NONDISCRIMINATION- The requirements for holding office in the
corporation may not discriminate on the basis of race, color,
religion, sex, disability, or national origin.
Sec. 60106. Powers
The corporation has only the powers provided in its bylaws and
articles of incorporation filed in each State in which it is
incorporated.
Sec. 60107. Restrictions
(a) STOCK AND DIVIDENDS- The corporation may not issue stock or
declare or pay a dividend.
(b) POLITICAL ACTIVITIES- The corporation or a director or officer
as such may not contribute to, support, or participate in any
political activity or in any manner attempt to influence legislation.
(c) DISTRIBUTION OF INCOME OR ASSETS- The income or assets of the
corporation may not inure to the benefit of, or be distributed to, a
director, officer, or member during the life of the charter granted by
this chapter. This subsection does not prevent the payment of
reasonable compensation to an officer or reimbursement for actual and
necessary expenses in amounts approved by the board of directors.
(d) LOANS- The corporation may not make a loan to a director,
officer, or employee.
|
