Title 20 — EducationRelease 119-73not60
§4419 Nonprofit and Nonpolitical Nature of Institute
Title 20 › Chapter 56— AMERICAN INDIAN, ALASKA NATIVE, AND NATIVE HAWAIIAN CULTURE AND ART DEVELOPMENT › Subchapter I— AMERICAN INDIANS AND ALASKA NATIVES › § 4419
Summary
Institute must not issue stock or pay dividends. Its money may only pay salaries or fair compensation, not benefit directors, staff, or others. It may not fund political parties or candidates.
Full Legal Text
Title 20, §4419
Education — Source: USLM XML via OLRC
(a)The Institute shall have no power to issue any shares of stock or to declare or pay any dividends.
(b)No part of the income or assets of the Institute shall inure to the benefit of any director, officer, employee, or any other individual except as salary or reasonable compensation for services.
(c)The Institute may not contribute to, or otherwise support, any political party or candidate for elective public office.
Reference
Citations & Metadata
Citation
20 U.S.C. § 4419
Title 20 — Education
Last Updated
Apr 5, 2026
Release point: 119-73not60