36 USC 120106: Restrictions
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36 USC 120106: Restrictions Text contains those laws in effect on December 24, 2024
From Title 36-PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONSSubtitle II-Patriotic and National OrganizationsPart B-OrganizationsCHAPTER 1201-KOREAN WAR VETERANS ASSOCIATION, INCORPORATED
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§120106. Restrictions

(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 of the corporation as such, may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation.

(c) Loan.-The corporation may not make a loan to a director, officer, or employee of the corporation.

(d) Claim of Governmental Approval or Authority.-The corporation may not claim congressional approval, or the authority of the United States, for any activity of the corporation.

(e) Corporate Status.-The corporation shall maintain its status as a corporation incorporated under the laws of the State of New York.

(Added Pub. L. 110–254, §1(a)(2), June 30, 2008, 122 Stat. 2420 .)