Page:United States Statutes at Large Volume 80 Part 1.djvu/849

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[80 STAT. 813]
PUBLIC LAW 89-000—MMMM. DD, 1966
[80 STAT. 813]

80 STAT. ]

PUBLIC LAW 89-591-SEPT. 19, 1966

813

be reported to the Commissioners by the person servicing the corporation's loans in the District of Columbia or by a participating bank in the District of Columbia at such times and in such manner, together with such information, as the Commissioners may by regulation require, and if there be no such person servicing loans or participating bank, then the corporation shall itself make such report of income including any other income derived from District of Columbia sources which is includible in gross income under this article. Any person or Penalty. corporation who shall fail to report such income to the Commissioners, as herein provided, shall be guilty of a misdemeanor and shall be fined not more than $500. "As used herein, the term 'liaison employee' shall mean a person 1"^^^^,^°" ^"'" who does not engage in or make, maintain, or liquidate any investment of the foreign corporation and who is engaged by the foreign corporation solely for the purpose of establishing and maintaining contacts with governments and international bodies and agencies thereof; arranging conferences for, receiving and furnishing legislative publications and other information or material of interest to, transmitting information for, and arranging transportation or other accommodations for, officers or other personnel of such foreign corporation within, or to and from, the District of Columbia," SEC. 2. Section 99 of the District of Columbia Business Corporation Act (68 Stat. 219, ch. 269, sec. 99; D.C. Code 29-933) is amended by adding at the end thereof the following new subsections: "(c) No foreign corporation having income from loans excluded from gross income under section 2(b) (17) of title III of the District of Columbia Income and Franchise Tax Act of 1947, as amended, ^'®' P- ^^2. shall be subject to the provisions of this Act. " (d) Nothing in subsection (c) of this section shall be construed as affecting the amenability of a foreign corporation to the service of any process, notice, or demand to which such corporation would be amenable without reference to the provisions of such subsection (c). " (e)(1) Any foreign corporation having income from loans excluded from gross income under section 2(b) (17) of title III of the District of Columbia Income and Franchise Tax Act of 1947, as amended, shall be deemed to have waived any immunity to service of process and suit in the courts of the District of Columbia. Any such foreign corporation shall appoint and maintain in the District of Columbia an agent for service of process, and shall register with the Commissioners of the District of Columbia the address of its principal office and the name and address of its agent for service of process in the District of Columbia, including any changes in such addresses. "(2) Whenever any such foreign corporation does not have an agent for service of process or such agent cannot be found with reasonable diligence at his registered address, then the Commissioners of the District of Columbia shall be the agent for service of process for such corporation. Service of process on the Commissioners shall be made by delivery to, and leaving with them, or with any person having charge of their office, duplicate copies of the process, together with a fee, the amount of which shall be fixed from time to time by the Commissioners but not in excess of $5. In the event of such service the Commissioners shall immediately cause one of such copies to be forwarded by certified or registered mail, addressed to such foreign corporation at its principal office as it appears on the records of the Commissioners. Any such service shall be returnable in not less than thirty days, unless the rules of the court issuing such process prescribe another period, in which case such prescribed period shall govern. "(3) Nothing contained in this subsection shall limit or affect the right to serve any process, notice of demand required or permitted 65-300 0-67—54