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LegalText 36 U.S.C. § 70507 Restrictions us united_states_code code_section 36 PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS 705 THE FOUNDATION OF THE FEDERAL BAR ASSOCIATION 70507 36 U.S.C. § 70507 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/s70507 data/legal/raw/us/code/title-36/usc36.xml f006fc4f02b6c5d741d961cd0fa3917c071a10e94d5f2037a65ef617db348fb5 d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d 8b492044ed30fafcef723157fdb29f0e83a05b4686031f6b6dbe6c7ad12e4de9 2026-07-04 official
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36 U.S.C. § 70507 - Restrictions

Text

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

(b) Political Activities.— (1) In general.— The activities, funds, income, and property of the corporation may not be used to carry on political activity or attempt to influence legislation.

(2) No contribution, support, or participation.— The corporation or a director or officer in the corporate capacity of the director of 11 So in original. Probably should be “or”. officer may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation.

(c) Distribution of Income or Assets.— (1) In general.— The income or assets of the corporation may not inure to the benefit of, or be distributed to, a director, officer, or member during the life of the charter granted by this chapter. This subsection does not prevent the payment, in amounts approved by the board of directors, of—

(A) reasonable compensation; or

(B) reimbursement for expenses incurred in undertaking the corporations business, to officers, directors, or members.

(2) Rule of construction.— This subsection shall not be construed to—

(A) prevent the award of a grant to a Federal Bar Association chapter of which an officer, director, or member may be a member; or

(B) prevent the payment of reasonable compensation to the corporations employees for services undertaken on behalf of the corporation.

(d) Loans.— The corporation may not make a loan to a director, officer, member, or employee.

(e) Immunity From Liability.— Members and private individuals are not liable for the obligations of the corporation.

(f) Claim of Governmental Approval or Authority.— The corporation—

(1) may not claim congressional approval or the authority of the United States Government for any of its activities; and

(2) may acknowledge this charter.

(Pub. L. 105225, Aug. 12, 1998, 112 Stat. 1353; Pub. L. 11957, § 5, Dec. 12, 2025, 139 Stat. 711.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 70507(a)36:582.Aug. 24, 1954, ch. 911, §§ 9, 10, 12, 68 Stat. 799. 70507(b)36:580. 70507(c)36:579(a) (words before last comma). 70507(d)36:579(b). 70507(e)36:579(a) (words after last comma). In subsection (a), the words “any shares of” are omitted as unnecessary. In subsection (b)(1), the words “directly or indirectly” are omitted as unnecessary. In subsection (c), the word “income” is substituted for “net earnings” for consistency in the revised title. In subsection (d), the words “or advance” are added in 2 places for consistency in the subsection.

Editorial Notes

Amendments2025—Pub. L. 11957 amended section generally. Prior to amendment, section set out restrictions on the corporation relating to stock and dividends, political activities, distribution of income, and loans and provided for immunity from liability.