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Title 36 — Patriotic and National ObservancesRelease 119-73

§60107 Restrictions

Title 36 › Subtitle Subtitle II— - Patriotic and National Organizations › Part Part B— - Organizations › Chapter CHAPTER 601— - 82ND AIRBORNE DIVISION ASSOCIATION, INCORPORATED › § 60107

Last updated Apr 6, 2026|Official source

Summary

Corporation may not issue stock or pay dividends, take part in political activity or influence laws, lend money to its directors, officers, or employees, or claim approval by Congress or the U.S. Government. Income and assets may not benefit directors, officers, or members while its charter lasts, except for reasonable pay and board‑approved reimbursements for actual, necessary expenses.

Full Legal Text

Title 36, §60107

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 and 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) 60107(a)36:4808(d).Nov. 5, 1990, Pub. L. 101–510, title XVI, § 1608, 104 Stat. 1737. 60107(b)36:4808(c). 60107(c)36:4808(a). 60107(d)36:4808(b). 60107(e)36:4808(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 officer or director” for consistency in the revised title. The word “otherwise” is omitted as unnecessary.

Reference

Citations & Metadata

Citation

36 U.S.C. § 60107

Title 36 — Patriotic and National Observances

Last Updated

Apr 6, 2026

Release point: 119-73