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1997 US Code
Title 36 - PATRIOTIC SOCIETIES AND OBSERVANCES
CHAPTER 79 - THEODORE ROOSEVELT ASSOCIATION
Sec. 4705 - Prohibition against issuance of stock or payment of dividends
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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 79 - THEODORE ROOSEVELT ASSOCIATION Sec. 4705 - Prohibition against issuance of stock or payment of dividends |
Contains | section 4705 |
Date | 1997 |
Laws in Effect as of Date | January 26, 1998 |
Positive Law | No |
Disposition | standard |
Source Credit | May 31, 1920, ch. 216, §5, 41 Stat. 693. |
Statutes at Large Reference | 41 Stat. 693 |
§4705. Prohibition against issuance of stock or payment of dividends
Said corporation will have no power to issue certificates of stock or to declare or pay dividends, but it is organized and shall be operated exclusively for educational purposes, and no part of its earnings, income, or funds will inure to the benefit of any member or individual.
(May 31, 1920, ch. 216, §5, 41 Stat. 693.)
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