2017 US Code
Title 36 - Patriotic and National Observances, Ceremonies, and Organizations
Subtitle II - Patriotic and National Organizations
Part B - Organizations
Chapter 2101 - Theodore Roosevelt Association
Sec. 210106 - Restrictions

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Citation 36 U.S.C. § 210106 (2017)
Section Name §210106. Restrictions
Section Text

(a) Exclusively Educational Purposes.—The corporation shall be operated exclusively for educational purposes.

(b) Stocks and Dividends.—The corporation may not issue stock or declare or pay a dividend.

(c) Distributions of Income or Assets.—The income or assets of the corporation may not inure to the benefit of any member or individual.

Source Credit

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1456.)

Editorial Notes
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large)
210106 36:4705. May 31, 1920, ch. 216, §5, 41 Stat. 693.

In subsection (a), the words "is organized and" are omitted as executed and obsolete.

In subsection (b), the words "certificates of" are omitted as unnecessary.

In subsection (c), the words "income or assets" are substituted for "earnings, income, or funds" for consistency in the revised title.

Publication Title United States Code, 2012 Edition, Supplement 5, Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS
Subtitle II - Patriotic and National Organizations
Part B - Organizations
CHAPTER 2101 - THEODORE ROOSEVELT ASSOCIATION
Sec. 210106 - Restrictions
Contains section 210106
Date 2017
Laws In Effect As Of Date January 12, 2018
Positive Law Yes
Disposition standard
Statutes at Large References 41 Stat. 693
112 Stat. 1456
Public Law References Public Law 105-225
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