36-U.S.C.-30906
§30906 – Restrictions
Pathway
Title 36 > Subtitle II > Part B > Chapter 309 > Section 30906
Details
- Reference: Section 30906
- Legend: §30906 – Restrictions
- USCode Year: 2013
Provision Content
(a) Profit.—The corporation may not operate for pecuniary profit to its members.
(b) Stocks and Dividends.—The corporation may not issue stock or declare or pay a dividend.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1326.)
| Revised Section |
Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 30906 | 36:24 (words after semicolon). | June 15, 1916, ch. 148, §4 (words after semicolon), 39 Stat. 228. |
The words certificates of and its object and purposes being solely of a benevolent character are omitted as unnecessary.
U.S. Encyclopedia of Law Coverage
36-U.S.C.-30906 in the Legal Encyclopedia: Patriotic Organizations
In this entry about 36-U.S.C.-30906, find legal reference material, bibliographies and premiere content related to patriotic organizations in the American Encyclopedia of Law, presenting a comprehensive view of the United States patriotic organizations-specific issues, written by authorities in the field.
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