2002 US Code
Title 20 - EDUCATION
CHAPTER 56 - AMERICAN INDIAN, ALASKA NATIVE, AND NATIVE HAWAIIAN CULTURE AND ART DEVELOPMENT
SUBCHAPTER I - AMERICAN INDIANS AND ALASKA NATIVES
Sec. 4419 - Nonprofit and nonpolitical nature of Institute
View MetadataPublication Title | United States Code, 2000 Edition, Supplement 2, Title 20 - EDUCATION |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 20 - EDUCATION CHAPTER 56 - AMERICAN INDIAN, ALASKA NATIVE, AND NATIVE HAWAIIAN CULTURE AND ART DEVELOPMENT SUBCHAPTER I - AMERICAN INDIANS AND ALASKA NATIVES Sec. 4419 - Nonprofit and nonpolitical nature of Institute |
Contains | section 4419 |
Date | 2002 |
Laws in Effect as of Date | January 6, 2003 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 99-498, title XV, §1512, Oct. 17, 1986, 100 Stat. 1607. |
Statutes at Large Reference | 100 Stat. 1607 |
Public Law Reference | Public Law 99-498 |
§4419. Nonprofit and nonpolitical nature of Institute (a) Stock
The Institute shall have no power to issue any shares of stock or to declare or pay any dividends.
(b) Nonprofit natureNo part of the income or assets of the Institute shall inure to the benefit of any director, officer, employee, or any other individual except as salary or reasonable compensation for services.
(c) Nonpolitical natureThe Institute may not contribute to, or otherwise support, any political party or candidate for elective public office.
(Pub. L. 99–498, title XV, §1512, Oct. 17, 1986, 100 Stat. 1607.)
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