The document outlines the Articles of Incorporation for a corporation, specifying that no part of the net earnings shall benefit private individuals, except for reasonable compensation for services. It prohibits substantial activities related to propaganda or political campaigns and ensures compliance with Section 501(c)(3) of the Internal Revenue Code. The corporation must distribute income to avoid taxation under Section 4942 and is restricted from self-dealing, retaining excess business holdings, and making taxable expenditures. Upon dissolution, assets must be distributed for exempt purposes or to government entities. The corporation's duration is perpetual.
doj/DataSet10/EFTA01387096.pdf
{"document_date":"2012","document_type":"legal","key_locations":["U.S Virgin Islands"],"document_subtype":"Articles of Incorporation","reference_numbers":["501(c)(3)","170(c)(2)","508(e)","4942","4941(d)","4943(c)","4944","4945(d)"]}