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1997 U.S. Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 12 - RESERVE OFFICERS ASSOCIATION
Sec. 229 - Prohibition against issuance of stock or business activities

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Metadata
Publication TitleUnited States Code, 1994 Edition, Supplement 3, Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 12 - RESERVE OFFICERS ASSOCIATION
Sec. 229 - Prohibition against issuance of stock or business activities
Containssection 229
Date1997
Laws in Effect as of DateJanuary 26, 1998
Positive LawNo
Dispositionstandard
Source CreditJune 30, 1950, ch. 431, §9, 64 Stat. 314.
Statutes at Large Reference64 Stat. 314

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§229. 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.

(June 30, 1950, ch. 431, §9, 64 Stat. 314.)

Cross References

Exemption from income tax of certain organizations, see section 501 of Title 26, Internal Revenue Code.

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