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36 U.S. Code § 152401 - Organization

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