Title 36 — Patriotic and National ObservancesRelease 119-73not60
§200307 Restrictions
Title 36 › Subtitle Subtitle II— Patriotic and National Organizations › Part B— Organizations › Chapter 2003— SONS OF UNION VETERANS OF THE CIVIL WAR › § 200307
Summary
The corporation must not issue stock, pay dividends, or support political parties or candidates. Its funds and assets cannot benefit officers or members, except for pay or expense reimbursement approved by the council. It cannot loan money to officers or employees; people who approved such a loan must repay it.
Full Legal Text
Title 36, §200307
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 agent as such may not contribute to, support, or assist a political party or candidate for public office.
(c)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)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) 200307(a)36:543.Aug. 20, 1954, ch. 774, §§ 10, 11, 13, 68 Stat. 751. 200307(b)36:541. 200307(c)36:540(a). 200307(d)36:540(b). In subsection (a), the words “any shares of” are omitted as unnecessary. 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. § 200307
Title 36 — Patriotic and National Observances
Last Updated
Apr 5, 2026
Release point: 119-73not60