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(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. (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1326.) Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 3090636:24 (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.

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