36 U.S.C. § 21905

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 21905 - Restrictions

(a) PROFIT AND STOCK.-The corporation shall be nonprofit and may not issue stock.

(b) POLITICAL ACTIVITIES.-The corporation shall be nonpolitical and nonsectarian, and may not promote the candidacy of an individual seeking public office.

(c) HONORARY MEMBERS.-The corporation may not have honorary members.

36 U.S.C. § 21905

Pub. L. 105-225, 112 Stat. 1299.

HISTORICAL AND REVISION NOTES
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
21905(a)	36:3302 (1st sentence).	July 5, 1935, ch. 373, §§2 (1st sentence), 4, 49 Stat. 458.
21905(b)	36:3304 (1st sentence).
21905(c)	36:3304 (last sentence).

In subsection (a), the word "capital" is omitted for consistency in the revised title.In subsection (b), the words "as an organization" are omitted as unnecessary.