§80503. Purposes
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Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.
Full Text
§80503. Purposes
The purposes of the corporation are—
(1) to operate in the public interest, as a nonpartisan and nonprofit organization, solely for patriotic, charitable, literary, educational, scientific, or civic improvement purposes; and
(2) the purposes stated in its articles of incorporation that are not inconsistent with the purposes described in clause (1) of this section.
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 80503 | 36:1603 (less discrimination). | Dec. 4, 1980, Pub. L. 96–497, §3 (less discrimination), 94 Stat. 2595. |
Before clause (1), the words "purposes of the corporation are" are substituted for "objects and purposes of the corporation shall be, solely, that it is" for consistency in the revised title and to eliminate unnecessary words. In clause (1), the words "to operate in the public interest, as a nonpartisan and nonprofit organization, solely for" are substituted for "(a) organized and operated in the public interest, as a nonpartisan and nonprofit organization . . . (b) organized and operated solely for" to eliminate unnecessary words and because the prohibition on discrimination in 36:1603(a) is restated in sections 80504 and 80505 of the revised title.
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