Title 36 — Patriotic and National ObservancesRelease 119-73

§50107 Restrictions

Title 36 › Subtitle Subtitle II— - Patriotic and National Organizations › Part Part B— - Organizations › Chapter CHAPTER 501— - DAUGHTERS OF UNION VETERANS OF THE CIVIL WAR 1861–1865 › § 50107

Last updated Apr 6, 2026|Official source

Summary

The corporation must not issue stock or pay dividends. It must not take part in politics or try to influence laws. It must not give its money or assets to directors, officers, or members while the charter lasts, or make loans to insiders (directors, officers, employees). Board-approved reasonable pay and expense reimbursement is allowed. It must not claim congressional or U.S. government approval.

Full Legal Text

Title 36, §50107

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. 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 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) 50107(a)36:3708(d).Dec. 9, 1985, Pub. L. 99–172, § 8, 99 Stat. 1021. 50107(b)36:3708(c). 50107(c)36:3708(a). 50107(d)36:3708(b). 50107(e)36:3708(e). This subsection is substituted for the source provisions for consistency in the revised title and to eliminate unnecessary words.

Reference

Citations & Metadata

Citation

36 U.S.C. § 50107

Title 36 — Patriotic and National Observances

Last Updated

Apr 6, 2026

Release point: 119-73