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Title 36 — Patriotic and National ObservancesRelease 119-73

§22105 Restrictions

Title 36 › Subtitle Subtitle II— - Patriotic and National Organizations › Part Part B— - Organizations › Chapter CHAPTER 221— - THE AMERICAN SOCIETY OF INTERNATIONAL LAW › § 22105

Last updated Apr 6, 2026|Official source

Summary

The corporation must not run to make a profit, sell stock, or pay dividends. It also must not give money, help, or support to a political party or a candidate for public office. Its money or property cannot go to members, officers, or council members except when the corporation is finally closed and its assets are distributed. It may not lend money to those officers or council members. Any officer or council member who votes for or helps make such a loan is fully responsible to repay it until the corporation gets its money back.

Full Legal Text

Title 36, §22105

Patriotic and National Observances — Source: USLM XML via OLRC

(a)The corporation may not operate for profit.
(b)The corporation may not issue stock or declare or pay a dividend.
(c)The corporation or an officer or member of the executive council as such may not contribute to, support, or assist a political party or candidate for elective public office.
(d)The income or assets of the corporation may not inure to the benefit of, or be distributed to, a member of the corporation or an officer or member of the executive council, except on the dissolution or final liquidation of the corporation.
(e)The corporation may not make a loan or advance to an officer or member of the executive council. Members of the council who vote for or assent to making a loan or advance to an officer or member of the council, and officers who participate in making the loan or advance, are jointly and severally liable to the corporation for the amount of the loan or advance until it is repaid.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 22105(a)36:342 (2d sentence words before 1st comma).Sept. 20, 1950, ch. 958, §§ 2 (2d, last sentences), 7, 64 Stat. 870, 871. 22105(b)36:347 (1st sentence words before 2d comma). 22105(c)36:342 (last sentence). 22105(d)36:342 (2d sentence words after 1st comma). 22105(e)36:347 (1st sentence words after 2d comma, last sentence). In subsection (b), the words “shares of” are omitted as unnecessary. In subsection (d), the words “inure to the benefit of” are substituted for “inure to” for consistency in the revised title.

Reference

Citations & Metadata

Citation

36 U.S.C. § 22105

Title 36 — Patriotic and National Observances

Last Updated

Apr 6, 2026

Release point: 119-73