There is established the National Association of Registered Agents and Brokers (hereafter in this subchapter referred to as the "Association").
The Association shall—
(1) be a nonprofit corporation;
(2) have succession until dissolved by an Act of Congress;
(3) not be an agent or instrumentality of the United States Government; and
(4) except as otherwise provided in this Act, be subject to, and have all the powers conferred upon a nonprofit corporation by the District of Columbia Nonprofit Corporation Act (D.C. Code, sec. 29y–1001 et seq.).
(Pub. L. 106–102, title III, §322, Nov. 12, 1999, 113 Stat. 1424.)
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