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Title 36, Patriotic and National ObservancesRelease 119-110

§130107 Restrictions

Title 36 › Subtitle II — Patriotic and National Organizations › Part B — Organizations › CHAPTER 1301 — LADIES OF THE GRAND ARMY OF THE REPUBLIC › § 130107

Last updated Sep 22, 2026|Official source

Summary

The corporation cannot issue stock or pay dividends, and it or its officers cannot give money to a political party or a candidate. Officers or members may not get the corporation’s income or assets while it exists or when it is dissolved, except the council of administration may approve officer pay and reimbursements for actual necessary expenses. The corporation may not lend money to an officer or employee; any council members who approve such a loan and any officers who take part are each fully responsible to the corporation for the loan amount until it is repaid.

Full Legal Text

Title 36, §130107

Patriotic and National Observances, Source: USLM XML via OLRC

(a)Stock and Dividends.—
The corporation may not issue stock or declare or pay a dividend.
(b)Political Activities.—
The corporation or an officer or agent as such may not contribute to a political party or candidate for public office.
(c)Distribution of Income or Assets.—
The income or assets of the corporation may not inure to the benefit of, or be distributed to, an officer or member during the life of the corporation or on its dissolution or final liquidation. This subsection does not prevent the payment of compensation to an officer or reimbursement for actual necessary expenses in amounts approved by the council of administration of the corporation.
(d)Loans.—
The corporation may not make a loan or advance to an officer or employee. Members of the council of administration who vote for or assent to making a loan or advance to an officer or employee, 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) 130107(a)36:78k.June 17, 1959, Pub. L. 86–47, §§ 9, 10, 12, 73 Stat. 78, 79. 130107(b)36:78i. 130107(c)36:78h(a). 130107(d)36:78h(b). In subsection (a), the words “any shares of” are omitted as unnecessary. In subsections (c) and (d), the reference to the “council of administration” is retained although there is no council of administration created by 36:78e or 36:78f. In subsection (c), the words “inure to the benefit of” are substituted for “inure to” for consistency in the revised title. The words “This subsection does not prevent” are substituted for “Nothing in this subsection, however, shall be construed to prevent” for consistency in the revised title and to eliminate unnecessary words. In subsection (d), the words “or advance” are added in 2 places for consistency in the subsection.

Reference

Citations & Metadata

Citation

36 U.S.C. § 130107

Title 36, Patriotic and National Observances

Last Updated

Sep 22, 2026

Release point: 119-110