; or (B) a former member of the Board during the 5-year period immediately following the last day of the former member’s term on the Board. 5. Corporate powers and obligations of the Foundation (a) General authority (1) In general The Foundation— (A) may conduct business in foreign countries; (B) shall have its principal offices in the Washington, DC, metropolitan area; and (C) shall continuously maintain a designated agent in Washington, DC, who is authorized to accept notice or service of process on behalf of the Foundation. (2) Notice and service of process The serving of notice to, or service of process upon, the agent referred to in paragraph (1)(C), or mailed to the business address of such agent, shall be deemed as service upon, or notice to, the Foundation. (3) Audits The Foundation shall be subject to the general audit authority of the Comptroller General of the United States under section 3523 of title 31, United States Code. (b) Authorities In addition to powers explicitly authorized under this Act, the Foundation, in order to carry out the purposes described in section 3(b), shall have the usual powers of a corporation headquartered in Washington, DC, including the authority— (1) to accept, receive, solicit, hold, administer, and use any gift, devise, or bequest, either absolutely or in trust, or real or personal property or any income derived from such gift or property, or other interest in such gift or property located in the United States; (2) to acquire by donation, gift, devise, purchase, or exchange any real or personal property or interest in such property located in the United States; (3) unless otherwise required by the instrument of transfer, to sell, donate, lease, invest, reinvest, retain, or otherwise dispose of any property or income derived from such property located in the United States; (4) to complain and defend itself in any court of competent jurisdiction (except that the members of the Board shall not be personally liable, except for gross negligence)