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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 36 U.S.C. § 22707 Restrictions us united_states_code code_section 36 PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS 227 AMVETS (AMERICAN VETERANS) 22707 36 U.S.C. § 22707 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/s22707 data/legal/raw/us/code/title-36/usc36.xml ff76b80565e9768aad293d393a31be4fc477a9296dc35313d016a954451b1120 d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d 41bf9ea2277839f39be9944400743ed55369bbc06095a0512889218deefee2ed 2026-07-04 official
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36 U.S.C. § 22707 - Restrictions

Text

(a) Profit.— The corporation shall operate as a not-for-profit corporation, exclusively for charitable, educational, patriotic, and civic improvement purposes.

(b) Stock and Dividends.— The corporation may not issue stock or declare or pay a dividend.

(c) Political Activities.— The corporation or an officer of the corporation or member of its executive committee as such may not contribute to, support, or assist a political party or candidate for elective public office. The corporation may not carry on propaganda.

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

(e) Loans.— The corporation may not make a loan or advance to a director or officer. Directors who vote for or assent to making a loan or advance to a director or 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. 1308.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 22707(a)36:67b(11) (1st8th words and words after semicolon).July 23, 1947, ch. 298, §§ 3(11), 5(1), (2), 15, 16, 61 Stat. 405, 406, 408. 22707(b)36:67n. 22707(c)36:67d(1), (2). 22707(d)36:67b(11) (9th word through semicolon). 22707(e)36:67o. In subsection (b), the words “shares of” are omitted as unnecessary. In subsection (e), the words “or advance” are added in 2 places for consistency in the subsection.