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Title 36 — Patriotic and National ObservancesRelease 119-73

§170308 Restrictions

Title 36 › Subtitle Subtitle II— - Patriotic and National Organizations › Part Part B— - Organizations › Chapter CHAPTER 1703— - PEARL HARBOR SURVIVORS ASSOCIATION › § 170308

Last updated Apr 6, 2026|Official source

Summary

The corporation may not issue stock, pay dividends, take part in or fund political activity, try to influence laws, or make loans to its directors, officers, or employees. Its income and assets cannot go to benefit any director, officer, or member while the charter granted under this chapter is in effect or on dissolution or final liquidation, except the board of directors may approve payment of an officer’s compensation or reimbursement for actual necessary expenses in amounts approved by the board, and the corporation may not claim that Congress or the U.S. Government approves or authorizes its actions.

Full Legal Text

Title 36, §170308

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 as such may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation.
(c)The income or assets of the corporation may not inure to the benefit of, or be distributed to, a director, officer, or member during the life of the charter granted by this chapter or on dissolution or final liquidation of the corporation. This subsection does not prevent the payment of compensation to an officer or reimbursement for actual necessary expenses in amounts approved by the board of directors.
(d)The corporation may not make a loan to a director, officer, or employee.
(e)The corporation may not claim congressional approval or the authority of the United States Government for any of its activities.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 170308(a)36:3608(c).Oct. 7, 1985, Pub. L. 99–119, § 8, 99 Stat. 499. 170308(b)36:3608(d). 170308(c)36:3608(a). 170308(d)36:3608(b). 170308(e)36:3608(e). In subsection (a), the words “any shares of” are omitted as unnecessary. In subsection (b), the words “as such” are substituted for “acting as such” for consistency in the revised title. In subsection (c), the words “inure to the benefit of” are substituted for “inure to”, and the words “rendered to the corporation” are omitted, for consistency in the revised title.

Reference

Citations & Metadata

Citation

36 U.S.C. § 170308

Title 36 — Patriotic and National Observances

Last Updated

Apr 6, 2026

Release point: 119-73