Statutory Text

36 U.S.C. § 150508 — Restrictions

U.S.C. Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDÂ ORGANIZATIONS 36 U.S.C. United States Code, 2023 Edition Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDÂ ORGANIZATIONS Subtitle II - Patriotic and National Organizations Part B - Organizations CHAPTER 1505 - NATIONAL CONFERENCE OF STATE SOCIETIES, WASHINGTON, DISTRICT OF COLUMBIA Sec. 150508 - Restrictions From the U.S. Government Publishing Office, www.gpo.gov

§150508. Restrictions

(a) Stock and Dividends.—The corporation may not issue stock or declare or pay a dividend. (b) Political Activities.—The corporation or an officer or member as such may not contribute to, support, or assist a political party or candidate for elective public office. The corporation may not carry on propaganda. (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 except on dissolution or final liquidation of the corporation. (d) Loans.—The corporation may not make a loan or advance to an officer or member of the board of representatives. Officers and members of the board who vote for or assent to making a loan or advance to an officer or member of the board, and officers or members of the board 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.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1390.)

Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)

150508(a) 36:414. Apr. 3, 1952, ch. 131, §§9–11, 14, 15, 66 Stat. 40.

150508(b) 36:410.36:411.

150508(c) 36:409.

150508(d) 36:415.

In subsection (a), the words "any shares of" are omitted as unnecessary. In subsection (b), the words "The corporation may not" are substituted for "No part of the activities of the corporation shall consist of" to eliminate unnecessary words. In subsection (c), the words "inure to the benefit of" are substituted for "inure" for consistency in the revised title. The words "as provided in section 417 of this title" are omitted as unnecessary. In subsection (d), the words "or advance" are added in 2 places for consistency in the subsection.

Source: uscode.house.gov — public domain Official Source ↗

Root-LD Entity Data

◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org

Federation ID

BS-USC36-SEC-9EFCB0

Entity Class

STATUTE / FEDERAL-CODE-SECTION

Domain Signature

boisestandard.org

Citation

36 U.S.C. § 150508

Jurisdiction

Federal — United States

Status

✓ ACTIVE

Source

PRIMARY-SOURCE

Source Verified

✓ TRUE

Content Hash

c653b8c106cc5d96...

Semantic Edges

Pending — corpus passes queued

The statutory text of 36 U.S.C. § 150508 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).

Navigate Corpus — Title 36

← 36 U.S.C. § 150507 36 U.S.C. § 150509 →

Ch. 1505 — NATIONAL CONFERENCE OF STATE SOCIETIES, WASHINGTON, DISTRICT OF COLUMBIA

36 U.S.C. § 150501 36 U.S.C. § 150502 36 U.S.C. § 150503 36 U.S.C. § 150504 36 U.S.C. § 150505 36 U.S.C. § 150506 36 U.S.C. § 150507 36 U.S.C. § 150508 36 U.S.C. § 150509 36 U.S.C. § 150510 36 U.S.C. § 150511 36 U.S.C. § 150512 36 U.S.C. § 150513

36 U.S.C. — public domain ← All Legislation

Title 36 U.S.C.