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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. § 152107 Restrictions us united_states_code code_section 36 PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS 1521 NATIONAL MINING HALL OF FAME AND MUSEUM 152107 36 U.S.C. § 152107 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/s152107 data/legal/raw/us/code/title-36/usc36.xml e0c198b522d4e41b1b450afe4fe08b06fca76ec7eb695b980d303c9b636cad11 d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d 1725a8bad3c22925a9a9eb9ec271cf6bd4a1042c9ef52278a625a4751828742c 2026-07-04 official
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36 U.S.C. § 152107 - 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 Authorization.— The corporation may not claim congressional approval or the authority of the United States Government for any of its activities.

(Pub. L. 105225, Aug. 12, 1998, 112 Stat. 1411.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 152107(a)36:4107(d).Nov. 14, 1988, Pub. L. 100655, § 107(a)(e), 102 Stat. 3850. 152107(b)36:4107(c). 152107(c)36:4107(a). 152107(d)36:4107(b). 152107(e)36:4107(e). In subsection (a), the words “any shares of” are omitted as unnecessary. In subsection (b), the words “as such” are substituted for “acting as such officer or director” for consistency in the revised title. In subsection (c), the words “inure to the benefit of” are substituted for “inure to” for consistency in the revised title.