20 U.S.C. · Education
20 U.S.C. § 4419

Nonprofit and nonpolitical nature of Institute

Ch. 56 — AMERICAN INDIAN, ALASKA NATIVE, AND NATIVE HAWAIIAN CULTURE AND ART DEVELOPMENT
Title 20 U.S.C. ● ACTIVE Primary Source Ch. 56
Statutory Text

20 U.S.C. § 4419 — Nonprofit and nonpolitical nature of Institute

U.S.C. Title 20 - EDUCATION 20 U.S.C. United States Code, 2023 Edition Title 20 - EDUCATION CHAPTER 56 - AMERICAN INDIAN, ALASKA NATIVE, AND NATIVE HAWAIIAN CULTURE AND ART DEVELOPMENT SUBCHAPTER I - AMERICAN INDIANS AND ALASKA NATIVES Sec. 4419 - Nonprofit and nonpolitical nature of Institute From the U.S. Government Publishing Office, www.gpo.gov

§4419. Nonprofit and nonpolitical nature of Institute

(a) Stock The Institute shall have no power to issue any shares of stock or to declare or pay any dividends. (b) Nonprofit nature No part of the income or assets of the Institute shall inure to the benefit of any director, officer, employee, or any other individual except as salary or reasonable compensation for services. (c) Nonpolitical nature The Institute may not contribute to, or otherwise support, any political party or candidate for elective public office.

(Pub. L. 99–498, title XV, §1512, Oct. 17, 1986, 100 Stat. 1607.)

Source: uscode.house.gov — public domain Official Source ↗
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20 U.S.C. § 4419
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The statutory text of 20 U.S.C. § 4419 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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