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Title 36, Patriotic and National ObservancesRelease 119-110

§22707 Restrictions

Title 36 › Subtitle II — Patriotic and National Organizations › Part B — Organizations › CHAPTER 227 — AMVETS (AMERICAN VETERANS) › § 22707

Last updated Sep 22, 2026|Official source

Summary

Must operate only as a not-for-profit group for charitable, educational, patriotic, and civic improvement purposes. It cannot sell stock or pay dividends. The group, its officers, or executive committee members cannot give money to, back, or help political parties or candidates, and it cannot run propaganda. Its money or property cannot go to directors, officers, or members except when the group is finally closed. The group also cannot loan money to a director or officer; anyone who approves or makes such a loan is jointly and personally responsible to repay it until it is repaid.

Full Legal Text

Title 36, §22707

Patriotic and National Observances, Source: USLM XML via OLRC

(a)Profit.—
The corporation shall operate as a not-for-profit corporation, exclusively for charitable, educational, patriotic, and civic improvement purposes.
(b)Stock and Dividends.—
The corporation may not issue stock or declare or pay a dividend.
(c)Political Activities.—
The corporation or an officer of the corporation or member of its executive committee 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.
(d)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 of the corporation, except on dissolution or final liquidation of the corporation.
(e)Loans.—
The corporation may not make a loan or advance to a director or officer. Directors who vote for or assent to making a loan or advance to a director or officer, 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) 22707(a)36:67b(11) (1st–8th words and words after semicolon).July 23, 1947, ch. 298, §§ 3(11), 5(1), (2), 15, 16, 61 Stat. 405, 406, 408. 22707(b)36:67n. 22707(c)36:67d(1), (2). 22707(d)36:67b(11) (9th word through semicolon). 22707(e)36:67o. In subsection (b), the words “shares of” are omitted as unnecessary. In subsection (e), the words “or advance” are added in 2 places for consistency in the subsection.

Reference

Citations & Metadata

Citation

36 U.S.C. § 22707

Title 36, Patriotic and National Observances

Last Updated

Sep 22, 2026

Release point: 119-110