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Title 36, Patriotic and National ObservancesRelease 119-110

§30107 Restrictions

Title 36 › Subtitle II — Patriotic and National Organizations › Part B — Organizations › CHAPTER 301 — BIG BROTHERS—BIG SISTERS OF AMERICA › § 30107

Last updated Sep 22, 2026|Official source

Summary

The corporation must not issue stock or pay dividends, and it and its directors or officers may not give money or help to a political party or someone running for public office. The corporation’s money or property cannot be given to a director, officer, or member while it exists or when it ends, but the board can approve paying an officer for work. The corporation cannot lend money or make advances to a director, officer, or employee. Any director who votes for such a loan, and any officer who helps make it, are each responsible, together and separately, to repay the corporation for the loan until it is paid back.

Full Legal Text

Title 36, §30107

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 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, a director, officer, or member as such 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 in an amount approved by the board of directors.
(d)Loans.—
The corporation may not make a loan or advance to a director, officer, or employee. Directors who vote for or assent to making a loan or advance to a director, 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) 30107(a)36:892.Sept. 2, 1958, Pub. L. 85–870, §§ 9, 10, 12, 72 Stat. 1693, 1694. 30107(b)36:890. 30107(c)36:889(a). 30107(d)36:889(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. 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. § 30107

Title 36, Patriotic and National Observances

Last Updated

Sep 22, 2026

Release point: 119-110