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36 U.S.C. § 21905Chapter 219

§21905. Restrictions

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Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.

Full Text

§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.

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
21905(a) 36:3302 (1st sentence). July 5, 1935, ch. 373, §§2 (1st sentence), 4, 49 Stat. 458.
21905(b) 36:3304 (1st sentence).  
21905(c) 36:3304 (last sentence).  

In subsection (a), the word "capital" is omitted for consistency in the revised title.

In subsection (b), the words "as an organization" are omitted as unnecessary.

Last amended: December 31, 2024

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