Title 36, Patriotic and National ObservancesRelease 119-110
§240107 Restrictions
Title 36 › Subtitle II — Patriotic and National Organizations › Part B — Organizations › CHAPTER 2401 — WOMEN’S ARMY CORPS VETERANS’ ASSOCIATION › § 240107
Summary
Must not issue stock or pay dividends, take part in political campaigns, or try to influence laws. Income and assets can't benefit directors, officers, or members (board‑approved pay and expense repayment allowed); no loans to insiders; cannot claim U.S. government approval.
Full Legal Text
Title 36, §240107
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 otherwise 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. This subsection does not prevent the payment of reasonable 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 Authority.—
The corporation may not claim the 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) 240107(a)36:3108(d).Oct. 30, 1984, Pub. L. 98–584, § 8, 98 Stat. 3098. 240107(b)36:3108(c). 240107(c)36:3108(a). 240107(d)36:3108(b). 240107(e)36:3108(e). In subsection (a), the words “any shares of” are omitted as unnecessary. In subsection (b), the words “as such” are substituted for “thereof” for consistency in the revised title. In subsection (c), the words “inure to the benefit of” are substituted for “inure” for consistency in the revised title. The words “This subsection does not prevent” are substituted for “Nothing in this subsection shall be construed to prevent” for consistency in the revised title and to eliminate unnecessary words.
Reference
Citations & Metadata
Citation
36 U.S.C. § 240107
Title 36, Patriotic and National Observances
Last Updated
Sep 22, 2026
Release point: 119-110