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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) Stock and dividends.--The corporation may not issue stock or declare or pay a dividend.
(b) Political activities.--The corporation, or a director or officer of the corporation as such, may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation.
(c) Loan.--The corporation may not make a loan to a director, officer, or employee of the corporation.
(d) Claim of Governmental approval or authority.--The corporation may not claim congressional approval, or the authority of the United States, for any activity of the corporation.
(e) Corporate status.--The corporation shall maintain its status as a corporation incorporated under the laws of the State of New York.
Cite this article: FindLaw.com - 36 U.S.C. § 120106 - U.S. Code - Unannotated Title 36. Patriotic and National Observances, Ceremonies, and Organizations § 120106. Restrictions - last updated January 01, 2024 | https://codes.findlaw.com/us/title-36-patriotic-and-national-observances-ceremonies-and-organizations/36-usc-sect-120106/
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