Title 36 — Patriotic and National ObservancesRelease 119-73
§22707 Restrictions
Title 36 › Subtitle Subtitle II— - Patriotic and National Organizations › Part Part B— - Organizations › Chapter CHAPTER 227— - AMVETS (AMERICAN VETERANS) › § 22707
Summary
Must be a not-for-profit serving charitable, educational, patriotic, and civic improvement. No stock or dividends. No support for political parties or candidates; no propaganda. Assets can't benefit directors, officers, or members except when dissolved. No loans to a director or officer; those approving or involved are jointly and severally liable until repaid.
Full Legal Text
Title 36, §22707
Patriotic and National Observances — Source: USLM XML via OLRC
(a)The corporation shall operate as a not-for-profit corporation, exclusively for charitable, educational, patriotic, and civic improvement purposes.
(b)The corporation may not issue stock or declare or pay a dividend.
(c)The corporation or an officer of the corporation or member of its executive committee as such may not contribute to, support, or assist a political party or candidate for elective public office. The corporation may not carry on propaganda.
(d)The income or assets of the corporation may not inure to the benefit of, or be distributed to, a director, officer, or member of the corporation, except on dissolution or final liquidation of the corporation.
(e)The corporation may not make a loan or advance to a director or officer. Directors who vote for or assent to making a loan or advance to a director or officer, 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) 22707(a)36:67b(11) (1st–8th words and words after semicolon).July 23, 1947, ch. 298, §§ 3(11), 5(1), (2), 15, 16, 61 Stat. 405, 406, 408. 22707(b)36:67n. 22707(c)36:67d(1), (2). 22707(d)36:67b(11) (9th word through semicolon). 22707(e)36:67o. In subsection (b), the words “shares of” are omitted as unnecessary. In subsection (e), the words “or advance” are added in 2 places for consistency in the subsection.
Reference
Citations & Metadata
Citation
36 U.S.C. § 22707
Title 36 — Patriotic and National Observances
Last Updated
Apr 6, 2026
Release point: 119-73