Title 36 — Patriotic and National ObservancesRelease 119-73not60
§22105 Restrictions
Title 36 › Subtitle Subtitle II— Patriotic and National Organizations › Part B— Organizations › Chapter 221— THE AMERICAN SOCIETY OF INTERNATIONAL LAW › § 22105
Summary
The corporation must not operate for profit. It cannot issue stock, pay dividends, or support political parties or candidates. Its income or assets can't benefit members or officers, except on dissolution or final liquidation. It cannot lend to an officer or council member; those who approve or make such a loan must pay back.
Full Legal Text
Title 36, §22105
Patriotic and National Observances — Source: USLM XML via OLRC
(a)The corporation may not operate for profit.
(b)The corporation may not issue stock or declare or pay a dividend.
(c)The corporation or an officer or member of the executive council as such may not contribute to, support, or assist a political party or candidate for elective public office.
(d)The income or assets of the corporation may not inure to the benefit of, or be distributed to, a member of the corporation or an officer or member of the executive council, except on the dissolution or final liquidation of the corporation.
(e)The corporation may not make a loan or advance to an officer or member of the executive council. Members of the council who vote for or assent to making a loan or advance to an officer or member of the council, 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) 22105(a)36:342 (2d sentence words before 1st comma).Sept. 20, 1950, ch. 958, §§ 2 (2d, last sentences), 7, 64 Stat. 870, 871. 22105(b)36:347 (1st sentence words before 2d comma). 22105(c)36:342 (last sentence). 22105(d)36:342 (2d sentence words after 1st comma). 22105(e)36:347 (1st sentence words after 2d comma, last sentence). In subsection (b), the words “shares of” are omitted as unnecessary. In subsection (d), the words “inure to the benefit of” are substituted for “inure to” for consistency in the revised title.
Reference
Citations & Metadata
Citation
36 U.S.C. § 22105
Title 36 — Patriotic and National Observances
Last Updated
Apr 5, 2026
Release point: 119-73not60