PRIA Logo™
Title 36, Patriotic and National ObservancesRelease 119-110

§200307 Restrictions

Title 36 › Subtitle II — Patriotic and National Organizations › Part B — Organizations › CHAPTER 2003 — SONS OF UNION VETERANS OF THE CIVIL WAR › § 200307

Last updated Sep 22, 2026|Official source

Summary

The corporation cannot sell shares or pay dividends. It, and its officers or agents acting for it, cannot give money or help to a political party or a candidate for public office. The corporation’s money or property cannot be used for the personal benefit of an officer or member while the corporation exists or when it is closed. It can still pay an officer wages or repay real necessary expenses if the council of administration approves the amounts. The corporation cannot lend money or advance funds to an officer or employee. Any council member who votes for such a loan, and any officer who helps make it, must each be responsible for the full amount of the loan to the corporation until it is repaid.

Full Legal Text

Title 36, §200307

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, support, or assist 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) 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

Sep 22, 2026

Release point: 119-110