36 USC 21905 - Restrictions

U.S Code last checked for updates: Jan 31, 2025

§ 21905.

Restrictions

(a)

Profit and Stock.—

The corporation shall be nonprofit and may not issue stock.

(b)

Political Activities.—

The corporation shall be nonpolitical and nonsectarian, and may not promote the candidacy of an individual seeking public office.

(c)

Honorary Members.—

The corporation may not have honorary members.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1299.)

cite as: 36 USC 21905