,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #affc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #aa1 #bjai,mr4   
,*abot 7= himself & ,mr4 ,rask97        
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ! ,judici>y  ,a ,,bill 
,to am5d title #cf1 ,unit$ ,/ates ,code1
 to revise ! ,f$]al *>t] = ! ,f\ndation 
( ! ,f$]al ,b> ,association4  #a4 ,%ort 
title ,?is ,act may be cit$ z !         
,f\ndation ( ! ,f$]al ,b> ,association  
,*>t] ,am5dm5ts ,act ( #bjai4  #b4      
,organization ,section #gjeja ( title   
#cf1 ,unit$ ,/ates ,code1 is am5d$ by   
/rik+ subsection 7b7 & r$esignat+       
subsection 7c7 z subsection 7b74  #c4   
,memb]%ip ,section #gjejc ( title #cf1  
,unit$ ,/ates ,code1 is am5d$-- 7#a7 by 
/rik+ subsections 7a7 & 7b7 & ins]t+ !  
foll[+3  7a7 ,eligibility ,except z     
provid$ 9 ?is *apt]1 eligibility =      
memb]%ip 9 ! corporation & ! rights &   
privileges ( memb]s are z provid$ 9 !   
bylaws4  2 &  7#b7 by r$esignat+        
subsection 7c7 z subsection 7b74  #d4   

,gov]n+ body ,section #gjejd ( title    
#cf1 ,unit$ ,/ates ,code1 is am5d$ to   
read z foll[s3  #gjejd4 ,gov]n+ body    
7a7 ,bo>d ( directors ,! bo>d (         
directors is ! gov]n+ body ( !          
corporation4 ,! bo>d may ex]cise1 or    
provide = ! ex]cise (1 ! p[]s ( !       
corporation4 ,! bo>d ( directors & !    
responsibilities ( ! bo>d are z provid$ 
9 ! bylaws4  7b7 ,(fic]s ,! (fic]s & !  
election ( ! (fic]s are z provid$ = 9 ! 
bylaws4  4  #e4 ,re/rictions ,section   
#gjejg ( title #cf1 ,unit$ ,/ates ,code1
 is am5d$ to read z foll[s3  #gjejg4    
,re/rictions  7a7 ,/ock & divid5ds ,!   
corporation may n issue /ock or decl>e  
or pay a divid5d4  7b7 ,political       
activities ,! corporation or a director 
or (fic] 9 8 or h] corporate capacity   
may n contribute to1 support1 or        
p>ticipate 9 any political activity or 9
 any mann] attempt to influ5ce          
legislation4  7c7 ,di/ribution ( income 
or assets ,! income or assets ( !       
corporation may n inure to ! b5efit (1  

or be di/ribut$ to1 a director1 (fic]1  
or memb] dur+ ! life ( ! *>t] grant$ by 
?is *apt]4 ,?is subsection does n prev5t
 ! paym5t1 9 am\nts approv$ by ! bo>d ( 
directors1 (--  7#a7 reasonable         
comp5sation2 or  7#b7 reimbursem5t =    
exp5ses incurr$ 9 und]tak+ !            
corporation's bus9ess1 to (fic]s1       
directors1 or memb]s4  ,?is subsection  
does n prev5t ! aw>d ( a grant to a     
,f$]al ,b> ,association *apt] ( :i* an  
(fic]1 director1 or memb] may be a      
memb]4 ,?is subsection also does n      
prev5t ! paym5t ( reasonable comp5sation
 to ! corporation's employees = s]vices 
und]tak5 on behalf ( ! corporation4  7d7
 ,loans ,! corporation may n make a loan
 to a director1 (fic]1 memb]1 or        
employee4  7e7 ,immunity f liability    
,memb]s & private individuals are n     
liable = ! obligations ( ! corporation4 
7f7 ,claim ( gov]nm5tal approval or     
au?ority ,! corporation may n claim     
congressional approval or ! au?ority ( !
 ,unit$ ,/ates ,gov]nm5t = any ( its    

activities2 x may1 h[ev]1 ackn[l$ge ?is 
*>t]4  4  #f4 ,pr9cipal (fice ,section  
#gjejh ( title #cf1 ,unit$ ,/ates ,code1
 is am5d$ by /rik+ ! ,di/rict (         
,columbia1 & ins]t+ a ,unit$ ,/ates     
location decid$ by ! bo>d ( directors & 
specifi$ 9 ! bylaws14  #g4 ,s]vice (    
process ,section #gjeaj ( title #cf1    
,unit$ ,/ates ,code1 is am5d$ to read z 
foll[s3  #gjeaj4 ,s]vice ( process ,!   
corporation %all comply ) ! law on      
s]vice ( process ( ! ,/ate or ,di/rict 9
 :i* x is incorporat$4  4  #h4 ,deposit 
( assets on dissolution or f9al         
liquidation ,section #gjeab ( title #cf1
 ,unit$ ,/ates ,code1 is am5d$ to read z
 foll[s3  #gjeab4 ,deposit ( assets on  
dissolution or f9al liquidation ,on     
dissolution or f9al liquidation ( !     
corporation1 any assets ( ! corporation 
rema9+ aft] ! dis*>ge ( all liabilities 
%all be di/ribut$ z provid$ by ! bo>d ( 
directors1 b 9 compliance ) ! *>t] &    
bylaws4  4