[USC05] 36 USC 120106: Restrictions
Result 1 of 1
   
 

TEXT OF PART V OF SUBTITLE A (3001 ET SEQ.), EFFECTIVE JANUARY 1, 2022, CURRENTLY SET OUT AS A PREVIEW

36 USC 120106: Restrictions Text contains those laws in effect on July 22, 2021
From Title 36-PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONSSubtitle II-Patriotic and National OrganizationsPart B-OrganizationsCHAPTER 1201-KOREAN WAR VETERANS ASSOCIATION, INCORPORATED
Jump To: Source Credit

§120106. Restrictions

(a) Stock and Dividends.-The corporation may not issue stock or declare or pay a dividend.

(b) Political Activities.-The corporation, or a director or officer of the corporation as such, may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation.

(c) Loan.-The corporation may not make a loan to a director, officer, or employee of the corporation.

(d) Claim of Governmental Approval or Authority.-The corporation may not claim congressional approval, or the authority of the United States, for any activity of the corporation.

(e) Corporate Status.-The corporation shall maintain its status as a corporation incorporated under the laws of the State of New York.

(Added Pub. L. 110–254, §1(a)(2), June 30, 2008, 122 Stat. 2420 .)