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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>
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| LegalText | 36 U.S.C. § 20707 | Restrictions | us | united_states_code | code_section | 36 | PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS | 207 | AMERICAN COUNCIL OF LEARNED SOCIETIES | 20707 | 36 U.S.C. § 20707 | 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/s20707 | data/legal/raw/us/code/title-36/usc36.xml | 0f45d14d340863144ad0b9699f29851b0ba6cffb901aa00392046e46290bde37 | d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d | b34584fed8ac87f104a6356d18e488158780b9e8c4120e7c14aae73395cf5688 | 2026-07-04 | official |
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36 U.S.C. § 20707 - 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 as such 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.— 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 of reasonable compensation to an officer or reimbursement for actual necessary expenses in amounts approved by the board of directors.
(d) Loans.— The corporation may not make a loan to a director, officer, or employee.
(e) Claim of Governmental Approval or Authority.— The corporation may not claim congressional approval or the authority of the United States Government for any of its activities.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1289.)
Notes
Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 20707(a)36:1908(d).June 1, 1982, Pub. L. 97–192, § 8, 96 Stat. 110. 20707(b)36:1908(c). 20707(c)36:1908(a). 20707(d)36:1908(b). 20707(e)36:1908(e). In subsection (a), the words “any shares of” are omitted as unnecessary. In subsection (c), the words “inure to the benefit of” are substituted for “inure to” for consistency in the revised title.