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the U.S. Code
1995 U.S. 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
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§4419. Nonprofit and nonpolitical nature of Institute (a) Stock
§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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