2017 US Code
Title 36 - Patriotic and National Observances, Ceremonies, and Organizations
Subtitle II - Patriotic and National Organizations
Part B - Organizations
Chapter 1703 - Pearl Harbor Survivors Association
Sec. 170308 - Restrictions
| 36 U.S.C. § 170308 (2017) | ||||||||||||||||||
| §170308. Restrictions | ||||||||||||||||||
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(a) Stock and Dividends.—The corporation may not issue stock or declare or pay a dividend. (b) Political Activities.—The corporation or a director or officer as such may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation. (c) Distribution of Income or Assets.—The income or assets of the corporation may not inure to the benefit of, or be distributed to, a director, officer, or member during the life of the charter granted by this chapter or on dissolution or final liquidation of the corporation. This subsection does not prevent the payment of compensation to an officer or reimbursement for actual necessary expenses in amounts approved by the board of directors. (d) Loans.—The corporation may not make a loan to a director, officer, or employee. (e) Claim of Governmental Approval or Authorization.—The corporation may not claim congressional approval or the authority of the United States Government for any of its activities. |
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(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1443.) |
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In subsection (a), the words "any shares of" are omitted as unnecessary. In subsection (b), the words "as such" are substituted for "acting as such" for consistency in the revised title. In subsection (c), the words "inure to the benefit of" are substituted for "inure to", and the words "rendered to the corporation" are omitted, for consistency in the revised title. |
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| United States Code, 2012 Edition, Supplement 5, Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS | ||||||||||||||||||
| Bills and Statutes | ||||||||||||||||||
| United States Code | ||||||||||||||||||
| Y 1.2/5: | ||||||||||||||||||
| Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II - Patriotic and National Organizations Part B - Organizations CHAPTER 1703 - PEARL HARBOR SURVIVORS ASSOCIATION Sec. 170308 - Restrictions |
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| section 170308 | ||||||||||||||||||
| 2017 | ||||||||||||||||||
| January 12, 2018 | ||||||||||||||||||
| Yes | ||||||||||||||||||
| standard | ||||||||||||||||||
| 99 Stat. 499 112 Stat. 1443 |
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| Public Law 99-119, Public Law 105-225 |
