Title 36 — Patriotic and National ObservancesRelease 119-73
§120106 Restrictions
Title 36 › Subtitle Subtitle II— - Patriotic and National Organizations › Part Part B— - Organizations › Chapter CHAPTER 1201— - KOREAN WAR VETERANS ASSOCIATION, INCORPORATED › § 120106
Summary
The corporation must not sell shares, pay dividends, take part in politics or try to influence laws, lend money to insiders, or claim U.S. approval, and it must stay incorporated in New York.
Full Legal Text
Title 36, §120106
Patriotic and National Observances — Source: USLM XML via OLRC
(a)The corporation may not issue stock or declare or pay a dividend.
(b)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)The corporation may not make a loan to a director, officer, or employee of the corporation.
(d)The corporation may not claim congressional approval, or the authority of the United States, for any activity of the corporation.
(e)The corporation shall maintain its status as a corporation incorporated under the laws of the State of New York.
Reference
Citations & Metadata
Citation
36 U.S.C. § 120106
Title 36 — Patriotic and National Observances
Last Updated
Apr 6, 2026
Release point: 119-73