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1995 U.S. Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 17 - UNITED STATES OLYMPIC COMMITTEE
SUBCHAPTER I - CORPORATION
Sec. 378 - Prohibition against issuance of stock or business activities
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§378. Prohibition against issuance of stock or business activities
§378. Prohibition against issuance of stock or business activities
The Corporation shall have no power to issue capital stock or to engage in business for pecuniary profit or gain.
(Sept. 21, 1950, ch. 975, title I, §108, as added Nov. 8, 1978, Pub. L. 95–606, §1(b), 92 Stat. 3048.)
Prior ProvisionsA prior section 378, act Sept. 21, 1950, ch. 975, §8, 64 Stat. 901, authorized Corporation to acquire assets and liabilities of unincorporated association known as the United States Olympic Association, prior to repeal by Pub. L. 95–606, §1(b). See section 379 of this title.
Provisions similar to those comprising this section were contained in former section 377 of this title prior to repeal by Pub. L. 95–606.
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