(a) Annual Meetings.—The corporation shall hold an annual meeting at a time and place as provided in the bylaws. At the meeting, the annual reports of the officers and executive board shall be presented, and members of the board shall be elected for the next year.

Terms Used In 36 USC 30907

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Quorum: The number of legislators that must be present to do business.

(b) Special Meetings.—Special meetings of the corporation may be called on notice as provided in the bylaws.

(c) Quorum.—The number of members necessary for a quorum at an annual or special meeting shall be prescribed in the bylaws.

(d) Locations.—The members and the executive board may hold meetings and keep the seal and records of the corporation in or outside the District of Columbia.

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