U.S. CODE
Rulings
AD/CVD
Notices
HTSUS
U.S. Code
Regs
More
Ports
About
Updates
Apps
Larger font
Smaller font
CustomsMobile Pro
beta now open!
Apply for a FREE beta account. Spaces are limited so apply today.
SIGNUP FOR BETA
SEARCH
Toggle Dropdown
Search US Code
Search Leg. Notes
Sort by Rank
Titles Ascending
Titles Descending
10 per page
25 Result/page
50 Result/page
U.S Code last checked for updates: Jan 18, 2025
All Titles
Title 36
Subtitle II
Part B
Chapter 1505
§ 150507. Exclusive right to nam...
§ 150509. Headquarters and princ...
§ 150507. Exclusive right to nam...
§ 150509. Headquarters and princ...
U.S. Code
Notes
§ 150508.
Restrictions
(a)
Stock and Dividends
.—
The corporation may not issue stock or declare or pay a dividend.
(b)
Political Activities
.—
The corporation or an officer or member as such may not contribute to, support, or assist a political party or candidate for elective public office. The corporation may not carry on propaganda.
(c)
Distribution of Income or Assets
.—
The income or assets of the corporation may not inure to the benefit of, or be distributed to, an officer or member except on dissolution or final liquidation of the corporation.
(d)
Loans
.—
The corporation may not make a loan or advance to an officer or member of the board of representatives. Officers and members of the board who vote for or assent to making a loan or advance to an officer or member of the board, and officers or members of the board who participate in making the loan or advance, are jointly and severally liable to the corporation for the amount of the loan or advance until it is repaid.
(
Pub. L. 105–225
,
Aug. 12, 1998
,
112 Stat. 1390
.)
cite as:
36 USC 150508
.list_box li,p,.cm-search-info,.cm-search-detail,.abt span,.expand-collapse_top
Get the CustomsMobile app!