Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
48 lines
2.7 KiB
Markdown
48 lines
2.7 KiB
Markdown
---
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type: "LegalText"
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title: "36 U.S.C. § 170106"
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description: "Restrictions"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 36
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title_name: "PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS"
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chapter_number: "1701"
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chapter_name: "PARALYZED VETERANS OF AMERICA"
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section: "170106"
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citation: "36 U.S.C. § 170106"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc36@119-100.zip"
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source_identifier: "/us/usc/t36/s170106"
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source_file: "data/legal/raw/us/code/title-36/usc36.xml"
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source_hash: "6ef516c0a92f84bc946f18185ed3c350d6fdcf6adb0f5da1b07bb048d088de41"
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raw_snapshot_hash: "d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d"
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text_hash: "959d0be25f0f11b46c4faac99edbc4d37ab83498f9bd1241572b7af230409c5e"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 36 U.S.C. § 170106 - Restrictions
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## Text
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(a) Profit.— The corporation may not engage in business for profit.
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(b) Stock.— The corporation may not issue stock.
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(c) Political Activities.— The corporation shall be nonpolitical and may not provide financial aid to, or otherwise promote the candidacy of, an individual seeking public office.
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(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, member, or employee during the life of the corporation or on its dissolution or final liquidation. This subsection does not prevent the payment of reasonable compensation to an officer or employee or reimbursement for actual necessary expenses in amounts approved by the board of directors.
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(e) Loans.— The corporation may not make a loan to a director, officer, member, or employee. Directors who vote for or assent to making such a loan, and officers who participate in making the loan, are jointly and severally liable to the corporation for the amount of the loan until it is repaid.
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(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1441.)
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## Notes
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Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 170106(a), (b)36:1155.Aug. 11, 1971, Pub. L. 92–93, §§ 5, 6, 14, 85 Stat. 318, 319. 170106(c)36:1156. 170106(d)36:1164(a). 170106(e)36:1164(b). 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 (c), the words “as an organization” are omitted as unnecessary. In subsection (d), the words “inure to the benefit of” are substituted for “inure to” for consistency in the revised title.
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