36 U.S. Code § 220507 - Restrictions

(a) Profit and Stock.— The corporation may not engage in business for profit or issue stock.
(b) Political Activities.— The corporation shall be nonpolitical and may not promote the candidacy of an individual seeking public office.

Source

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1470.)

Historical and Revision Notes
Revised Section Source (U.S. Code) Source (Statutes at Large)
220507(a)
36:378.
Sept. 21, 1950, ch. 975, title I, §§ 107, 108, as added Nov. 8, 1978, Pub. L. 95–606, § 1(b), 92 Stat. 3048.
220507(b)
36:377.

In subsection (a), the words “may not” are substituted for “shall have no power to” for consistency in the revised title. The words “capital”, “pecuniary”, and “or gain” are omitted as unnecessary.
In subsection (b), the words “as an organization” are omitted as unnecessary.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

36 USCDescription of ChangeSession YearPublic LawStatutes at Large

 

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