Title 36 — Patriotic and National ObservancesRelease 119-73not60
§150508 Restrictions
Title 36 › Subtitle Subtitle II— Patriotic and National Organizations › Part B— Organizations › Chapter 1505— NATIONAL CONFERENCE OF STATE SOCIETIES, WASHINGTON, DISTRICT OF COLUMBIA › § 150508
Summary
The corporation cannot issue stock, pay dividends, support political parties or candidates, or run propaganda. Its money and property cannot go to officers or members except when the corporation ends. It must not lend to an officer or board member, and those who approve or help such a loan are each responsible for repaying it.
Full Legal Text
Title 36, §150508
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 an officer or member as such may not contribute to, support, or assist a political party or candidate for elective public office. The corporation may not carry on propaganda.
(c)The income or assets of the corporation may not inure to the benefit of, or be distributed to, an officer or member except on dissolution or final liquidation of the corporation.
(d)The corporation may not make a loan or advance to an officer or member of the board of representatives. Officers and members of the board who vote for or assent to making a loan or advance to an officer or member of the board, and officers or members of the board 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) 150508(a)36:414.Apr. 3, 1952, ch. 131, §§ 9–11, 14, 15, 66 Stat. 40. 150508(b)36:410.36:411. 150508(c)36:409. 150508(d)36:415. In subsection (a), the words “any shares of” are omitted as unnecessary. In subsection (b), the words “The corporation may not” are substituted for “No part of the activities of the corporation shall consist of” to eliminate unnecessary words. In subsection (c), the words “inure to the benefit of” are substituted for “inure” for consistency in the revised title. The words “as provided in section 417 of this title” are omitted as unnecessary. 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. § 150508
Title 36 — Patriotic and National Observances
Last Updated
Apr 5, 2026
Release point: 119-73not60