1997 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
View Metadata| Publication Title | United States Code, 1994 Edition, Supplement 3, Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | 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 |
| Contains | section 378 |
| Date | 1997 |
| Laws in Effect as of Date | January 26, 1998 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Sept. 21, 1950, ch. 975, title I, §108, as added Nov. 8, 1978, Pub. L. 95-606, §1(b), 92 Stat. 3048. |
| Statutes at Large References | 64 Stat. 901 92 Stat. 3048 |
| Public Law References | Public Law 95-606 |
§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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