election of officers of the corporation are as provided in the bylaws of the corporation. 152006. Powers The corporation has only the powers provided in its constitution, bylaws, and charter as granted by the Board of Regents of the State of New York and in the certificate of authority in any other State in which the corporation is, or shall be, qualified to do business. 152007. Restrictions (a) Stock and dividends The corporation may not issue stock or declare or pay a dividend. (b) Political activities The corporation or a trustee or officer, acting as such trustee or officer, may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation. (c) Distribution of income or assets The income or assets of the corporation may not inure to the benefit of, or be distributed to, a trustee, officer, or member during the life of the charter granted by this chapter. This subsection does not prevent the payment of reasonable compensation to an officer or reimbursement for actual necessary expenses in amounts approved by the board of trustees. (d) Loans The corporation may not make a loan to a trustee, officer, or employee. (e) Claim of governmental Approval or authorization The corporation may not claim congressional approval or the authority of the United States Government for any of its activities. 152008. Duty to maintain corporate and tax-exempt status (a) Corporate status The corporation shall maintain its corporate status as a corporation incorporated under the laws of the State of New York. (b) Tax-Exempt status The corporation shall maintain its status as an organization exempt from taxation under the Internal Revenue Code of 1986 ( 26 U.S.C. 1 et seq. ). 152009. Records and inspection (a) Records The corporation shall keep— (1) correct and complete records of account