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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. § 120106 Restrictions us united_states_code code_section 36 PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS 1201 KOREAN WAR VETERANS ASSOCIATION, INCORPORATED 120106 36 U.S.C. § 120106 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/s120106 data/legal/raw/us/code/title-36/usc36.xml 90a5d1b992de800599f66db28de1e5fd51188b3fa9ff2f1f0b6ce1067a17f47e d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d a89b6967ca332b2626c2f3f76b2e9f595cfbed525d006388849780b2d57b98a1 2026-07-04 official
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36 U.S.C. § 120106 - Restrictions

Text

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

(b) Political Activities.— The corporation, or a director or officer of the corporation as such, may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation.

(c) Loan.— The corporation may not make a loan to a director, officer, or employee of the corporation.

(d) Claim of Governmental Approval or Authority.— The corporation may not claim congressional approval, or the authority of the United States, for any activity of the corporation.

(e) Corporate Status.— The corporation shall maintain its status as a corporation incorporated under the laws of the State of New York.

(Added Pub. L. 110254, § 1(a)(2), June 30, 2008, 122 Stat. 2420.)