2014 US Code
Title 36 - Patriotic and National Observances, Ceremonies, and Organizations (Sections 101 - 300113)
Subtitle II - Patriotic and National Organizations (Sections 10101 - 240112)
Part B - Organizations (Sections 20101 - 240112)
Chapter 1901 - Reserve Officers Association of the United States (Sections 190101 - 190112)
Sec. 190107 - Restrictions
Publication Title | United States Code, 2012 Edition, Supplement 2, Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDORGANIZATIONS |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDORGANIZATIONS Subtitle II - Patriotic and National Organizations Part B - Organizations CHAPTER 1901 - RESERVE OFFICERS ASSOCIATION OF THE UNITED STATES Sec. 190107 - Restrictions |
Contains | section 190107 |
Date | 2014 |
Laws In Effect As Of Date | January 5, 2015 |
Positive Law | Yes |
Disposition | standard |
Source Credit | Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1448. |
Statutes at Large References | 64 Stat. 314 112 Stat. 1448 |
Public and Private Laws | Public Law 105-225 |
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(a) Profit.—The corporation may not engage in business for profit.
(b) Stock.—The corporation may not issue stock.
(c) Political Activities.—The corporation or an officer or member as such may not contribute to, support, or assist a political party or candidate for public office.
(d) Distribution of Income or Assets.—The income or assets of the corporation may not inure to the benefit of, or be distributed to, an officer or member except on dissolution or final liquidation of the corporation.
(e) Loans.—The corporation may not make a loan or advance to an officer or member of the national executive committee. Members of the national executive committee who vote for or assent to making a loan or advance to an officer, and officers who participate in making the loan or advance, are jointly and severally liable to the corporation for the amount of the loan or advance until it is repaid.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1448.)
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
190107(a), (b) | 36:229. | June 30, 1950, ch. 431, §§9, 10, 11 (words before 2d comma), 14, 64 Stat. 314. |
190107(c) | 36:230. | |
190107(d) | 36:231 (words before 2d comma). | |
190107(e) | 36:234. |
In subsection (a), the words "pecuniary" and "or gain" are omitted as unnecessary.
In subsection (b), the word "capital" is omitted as unnecessary.
In subsection (d), the words "inure to the benefit of" are substituted for "inure to" for consistency in the revised title.
In subsection (e), the words "or advance" are added in 2 places for consistency in the subsection.
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