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2026-07-06 10:51:44 -04:00

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LegalText 36 U.S.C. § 190107 Restrictions us united_states_code code_section 36 PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS 1901 RESERVE OFFICERS ASSOCIATION OF THE UNITED STATES 190107 36 U.S.C. § 190107 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc36@119-100.zip /us/usc/t36/s190107 data/legal/raw/us/code/title-36/usc36.xml 4d76bf5bfd957d3a03601d361bd02755eb610fdcc720beacbe39a48d92229ff6 d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d 5182fdb3f5e91fb0a198e8712c5b96b02f9072d2292d310a2dda0b1f162b7bc8 2026-07-04 official
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36 U.S.C. § 190107 - Restrictions

Text

(a) Profit.— The corporation may not engage in business for profit.

(b) Stock.— The corporation may not issue stock.

(c) Political Activities.— The corporation or an officer or member as such may not contribute to, support, or assist a political party or candidate for public office.

(d) Distribution of Income or Assets.— The income or assets of the corporation may not inure to the benefit of, or be distributed to, an officer or member except on dissolution or final liquidation of the corporation.

(e) Loans.— The corporation may not make a loan or advance to an officer or member of the national executive committee. Members of the national executive committee who vote for or assent to making a loan or advance to an officer, and officers who participate in making the loan or advance, are jointly and severally liable to the corporation for the amount of the loan or advance until it is repaid.

(Pub. L. 105225, Aug. 12, 1998, 112 Stat. 1448.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 190107(a), (b)36:229.June 30, 1950, ch. 431, §§ 9, 10, 11 (words before 2d comma), 14, 64 Stat. 314. 190107(c)36:230. 190107(d)36:231 (words before 2d comma). 190107(e)36:234. In subsection (a), the words “pecuniary” and “or gain” are omitted as unnecessary. In subsection (b), the word “capital” is omitted as unnecessary. In subsection (d), the words “inure to the benefit of” are substituted for “inure to” for consistency in the revised title. In subsection (e), the words “or advance” are added in 2 places for consistency in the subsection.