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>
46 lines
2.9 KiB
Markdown
46 lines
2.9 KiB
Markdown
---
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type: "LegalText"
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title: "36 U.S.C. § 230307"
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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: "2303"
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chapter_name: "VETERANS OF WORLD WAR I OF THE UNITED STATES OF AMERICA, INCORPORATED"
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section: "230307"
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citation: "36 U.S.C. § 230307"
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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/s230307"
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source_file: "data/legal/raw/us/code/title-36/usc36.xml"
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source_hash: "0c86d8acad4b792d6b714b467a3ea74d0fb150a15f6df251414ac75633f64b72"
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raw_snapshot_hash: "d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d"
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text_hash: "efe79a0aea11e63208b063b8039edf2d68f551a1b3570e5aee01b14d929cf842"
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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. § 230307 - Restrictions
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## Text
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(a) Stocks and Dividends.— The corporation may not issue stock or declare or pay a dividend.
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(b) Political Activities.— The corporation or an officer or agent as such may not contribute to, support, or assist a political party or candidate for public office.
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(c) Distribution of Income or Assets.— The income or assets of the corporation may not inure to the benefit of, or be distributed to, an officer or member during the life of the corporation or on its dissolution or final liquidation. This subsection does not prevent the payment of compensation to an officer or reimbursement for actual necessary expenses in amounts approved by the board of administration of the corporation.
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(d) Loans.— The corporation may not make a loan or advance to an officer or employee. Members of the board of administration who vote for or assent to making a loan or advance to an officer or employee, 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.
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(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1484.)
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## Notes
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Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 230307(a)36:773.July 18, 1958, Pub. L. 85–530, §§ 10, 11, 13, 72 Stat. 373, 374. 230307(b)36:771. 230307(c)36:770(a). 230307(d)36:770(b). 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. The words “This subsection does not” are substituted for “Nothing in this subsection, however, shall be construed to” for consistency in the revised title and to eliminate unnecessary words. In subsection (d), the words “or advance” are added in 2 places for consistency in the subsection.
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