36 U.S. Code § 30906 - Restrictions

(a) Profit.— The corporation may not operate for pecuniary profit to its members.
(b) Stocks and Dividends.— The corporation may not issue stock or declare or pay a dividend.

Source

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1326.)

Historical and Revision Notes
Revised Section Source (U.S. Code) Source (Statutes at Large)
30906
36:24 (words after semicolon).
June 15, 1916, ch. 148, § 4 (words after semicolon), 39 Stat. 228.

The words “certificates of” and “its object and purposes being solely of a benevolent character” 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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