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36 U.S.C. § 120106

U.S. CodeFederalPositive Law
Restrictions
About This Law
/us/usc/t36/s120106
Title
36 — Patriotic and National Observances, Ceremonies, and Organizations
Chapter
STII/PTB/CH1201
Release
119-84
Release Date
2026-04-17

Section Text

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(a) Stock and Dividends.—The corporation may not issue stock or declare or pay a dividend. (b) Political Activities.—The corporation, or a director or officer of the corporation as such, may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation. (c) Loan.—The corporation may not make a loan to a director, officer, or employee of the corporation. (d) Claim of Governmental Approval or Authority.—The corporation may not claim congressional approval, or the authority of the United States, for any activity of the corporation. (e) Corporate Status.—The corporation shall maintain its status as a corporation incorporated under the laws of the State of New York. (Added Pub. L. 110–254, § 1(a)(2), June 30, 2008, 122 Stat. 2420.)

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