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36 U.S. Code § 80306 - Restrictions

(a) Profit.—
The corporation may not operate for profit.
(b) Political Activities.—
The corporation shall be nonpolitical and nonsectarian.

Historical and Revision Notes



Source (U.S. Code)

Source (Statutes at Large)


36:33 (words after 19th comma).

Mar. 16, 1950, ch. 62, § 3 (words after 19th comma), 64 Stat. 23.

In subsection (a), the word “pecuniary” is omitted as unnecessary.

In subsection (b), the words “The corporation shall be” are substituted for “which purposes shall be” for clarity and consistency in the revised title.