‘‘(2) EMERGENCY BYLAWS.—Any bylaws adopt-
ed pursuant to paragraph (1)(B) may provide spe-
cial procedures necessary for managing the corpora-
tion during the emergency. All provisions of the reg-
ular bylaws consistent with the emergency bylaws re-
main effective during the emergency. 
‘‘(h) DEFINITIONS.—For purposes of this section— 
‘‘(1) the term ‘entire board’ means the total 
number of members of the board of governors that 
the corporation would have if there were no vacan-
cies; and 
‘‘(2) the term ‘emergency’ shall have such 
meaning as may be provided in the bylaws.’’. 
SEC. 7. POWERS. 
Paragraph (a)(1) of section 300105 of title 36, 
United States Code, is amended by striking ‘‘bylaws’’ and 
inserting ‘‘policies’’. 
SEC. 8. ANNUAL MEETING. 
Section 300107 of title 36, United States Code, is 
amended to read as follows: 
‘‘§ 300107. Annual meeting 
‘‘(a) IN GENERAL.—The annual meeting of the cor-
poration is the annual meeting of delegates of the chap-
ters. 
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‘‘(b) TIME OF MEETING.—The annual meeting shall 
be held as determined by the board of governors. 
‘‘(c) PLACE OF MEETING.—The board of governors 
is authorized to determine that the annual meeting shall 
not be held at any place, but may instead be held solely 
by means of remote communication subject to such proce-
dures as are provided in the bylaws. 
‘‘(d) VOTING.— 
‘‘(1) IN GENERAL.—In matters requiring a vote 
at the annual meeting, each chapter is entitled to at 
least 1 vote, and voting on all matters may be con-
ducted by mail, telephone, telegram, cablegram, elec-
tronic mail, or any other means of electronic or tele-
phone transmission, provided that the person voting 
shall state, or submit information from which it can 
be determined, that the method of voting chosen was 
authorized by such person. 
‘‘(2) 
ESTABLISHMENT
OF
NUMBER
OF 
VOTES.— 
‘‘(A) IN
GENERAL.—The board of gov-
ernors shall determine on an equitable basis the 
number of votes that each chapter is entitled to 
cast, taking into consideration the size of the 
membership of the chapters, the populations 
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served by the chapters, and such other factors 
as may be determined by the board. 
‘‘(B) PERIODIC
REVIEW.—The board of 
governors shall review the allocation of votes at 
least every 5 years.’’. 
SEC. 9. ENDOWMENT FUND. 
Section 300109 of title 36, United States Code is 
amended— 
(1) by striking ‘‘nine’’ from the first sentence 
thereof; and 
(2) by striking the second sentence and insert-
ing the following: ‘‘The corporation shall prescribe 
policies and regulations on terms and tenure of of-
fice, accountability, and expenses of the board of 
trustees.’’. 
SEC. 10. ANNUAL REPORT AND AUDIT. 
Subsection (a) of section 300110 of title 36, United 
States Code, is amended to read as follows: 
‘‘(a) SUBMISSION OF REPORT.—As soon as prac-
ticable after the end of the corporation’s fiscal year, which 
may be changed from time to time by the board of gov-
ernors, the corporation shall submit a report to the Sec-
retary of Defense on the activities of the corporation dur-
ing such fiscal year, including a complete, itemized report 
of all receipts and expenditures.’’. 
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