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Title 36 — Patriotic and National ObservancesRelease 119-73

§240107 Restrictions

Title 36 › Subtitle Subtitle II— - Patriotic and National Organizations › Part Part B— - Organizations › Chapter CHAPTER 2401— - WOMEN’S ARMY CORPS VETERANS’ ASSOCIATION › § 240107

Last updated Apr 6, 2026|Official source

Summary

The corporation must not issue stock, pay dividends, take part in political activity, try to influence laws, or claim U.S. Government approval or authority. No money or property may go to any director, officer, or member while the charter exists, except the board can allow reasonable officer pay and reimburse actual necessary expenses. The corporation also may not lend money to directors, officers, or employees.

Full Legal Text

Title 36, §240107

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 otherwise 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. This subsection does not prevent the payment of reasonable 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 the 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) 240107(a)36:3108(d).Oct. 30, 1984, Pub. L. 98–584, § 8, 98 Stat. 3098. 240107(b)36:3108(c). 240107(c)36:3108(a). 240107(d)36:3108(b). 240107(e)36:3108(e). In subsection (a), the words “any shares of” are omitted as unnecessary. In subsection (b), the words “as such” are substituted for “thereof” for consistency in the revised title. In subsection (c), the words “inure to the benefit of” are substituted for “inure” for consistency in the revised title. The words “This subsection does not prevent” are substituted for “Nothing in this subsection shall be construed to prevent” for consistency in the revised title and to eliminate unnecessary words.

Reference

Citations & Metadata

Citation

36 U.S.C. § 240107

Title 36 — Patriotic and National Observances

Last Updated

Apr 6, 2026

Release point: 119-73