Title 36, Patriotic and National ObservancesRelease 119-110
§170308 Restrictions
Title 36 › Subtitle II — Patriotic and National Organizations › Part B — Organizations › CHAPTER 1703 — PEARL HARBOR SURVIVORS ASSOCIATION › § 170308
Summary
The corporation cannot sell stock or pay dividends, engage in politics or influence laws, distribute income or assets to directors, officers, or members (except board‑approved officer pay or expense reimbursement), make loans to directors, officers, or employees, or claim U.S. government approval.
Full Legal Text
Title 36, §170308
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 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)Distribution of Income or Assets.—
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 or on dissolution or final liquidation of the corporation. This subsection does not prevent the payment of compensation to an officer or reimbursement for actual necessary expenses in amounts approved by the board of directors.
(d)Loans.—
The corporation may not make a loan to a director, officer, or employee.
(e)Claim of Governmental Approval or Authorization.—
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) 170308(a)36:3608(c).Oct. 7, 1985, Pub. L. 99–119, § 8, 99 Stat. 499. 170308(b)36:3608(d). 170308(c)36:3608(a). 170308(d)36:3608(b). 170308(e)36:3608(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” for consistency in the revised title. In subsection (c), the words “inure to the benefit of” are substituted for “inure to”, and the words “rendered to the corporation” are omitted, for consistency in the revised title.
Reference
Citations & Metadata
Citation
36 U.S.C. § 170308
Title 36, Patriotic and National Observances
Last Updated
Sep 22, 2026
Release point: 119-110