2010 US Code
Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDORGANIZATIONS
Subtitle II - Patriotic and National Organizations
Part B - Organizations
CHAPTER 2205 - UNITED STATES OLYMPIC COMMITTEE
SUBCHAPTER I - CORPORATION
Sec. 220507 - Restrictions
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 4, Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDORGANIZATIONS |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDORGANIZATIONS Subtitle II - Patriotic and National Organizations Part B - Organizations CHAPTER 2205 - UNITED STATES OLYMPIC COMMITTEE SUBCHAPTER I - CORPORATION Sec. 220507 - Restrictions |
| Contains | section 220507 |
| Date | 2010 |
| Laws in Effect as of Date | January 7, 2011 |
| Positive Law | Yes |
| Disposition | standard |
| Source Credit | Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1470. |
| Statutes at Large References | 92 Stat. 3048 112 Stat. 1470 |
| Public Law References | Public Law 95-606, Public Law 105-225 |
§220507. Restrictions
(a) Profit and Stock.—The corporation may not engage in business for profit or issue stock.
(b) Political Activities.—The corporation shall be nonpolitical and may not promote the candidacy of an individual seeking public office.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1470.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 220507(a) | 36:378. | Sept. 21, 1950, ch. 975, title I, §§107, 108, as added Nov. 8, 1978, Pub. L. 95–606, §1(b), 92 Stat. 3048. |
| 220507(b) | 36:377. |
In subsection (a), the words “may not” are substituted for “shall have no power to” for consistency in the revised title. The words “capital”, “pecuniary”, and “or gain” are omitted as unnecessary.
In subsection (b), the words “as an organization” are omitted as unnecessary.
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.
