20-U.S.C.-4419

§4419 – Nonprofit and Nonpolitical Nature of Institute

Pathway

Title 20 > Chapter 56 > Subchapter I > Section 4419

Details

• Reference: Section 4419
• Legend: §4419 – Nonprofit and Nonpolitical Nature of Institute
• USCode Year: 2013

Provision Content

(a) Stock

The Institute shall have no power to issue any shares of stock or to declare or pay any dividends.

(b) Nonprofit nature

No part of the income or assets of the Institute shall inure to the benefit of any director, officer, employee, or any other individual except as salary or reasonable compensation for services.

(c) Nonpolitical nature

The Institute may not contribute to, or otherwise support, any political party or candidate for elective public office.

(Pub. L. 99–498, title XV, §1512, Oct. 17, 1986, 100 Stat. 1607.)

U.S. Encyclopedia of Law Coverage

16-U.S.C.-3171 in the Legal Encyclopedia: Alaska

In this entry about 16-U.S.C.-3171, find legal reference material, bibliographies and premiere content related to alaska in the American Encyclopedia of Law, presenting a comprehensive view of the United States alaska-specific issues, written by authorities in the field.

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