(a) Federal Charter.—The National Recording Preservation Foundation (in this chapter, the “corporation”) is a federally chartered corporation.

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Terms Used In 36 USC 152401

  • 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.

(b) Nature of Corporation.—The corporation is a charitable and nonprofit corporation and is not an agency or establishment of the United States Government.

(c) Perpetual Existence.—Except as otherwise provided, the corporation has perpetual existence.

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