Title 36 — Patriotic and National ObservancesRelease 119-73not60
§50107 Restrictions
Title 36 › Subtitle Subtitle II— Patriotic and National Organizations › Part B— Organizations › Chapter 501— DAUGHTERS OF UNION VETERANS OF THE CIVIL WAR 1861–1865 › § 50107
Summary
The corporation cannot issue stock or pay dividends, take part in politics or try to influence laws, use its money or property to benefit insiders while chartered, make loans to directors, officers, or employees, or claim U.S. government approval. Officers may get reasonable pay and repayment of necessary expenses with board approval.
Full Legal Text
Title 36, §50107
Patriotic and National Observances — Source: USLM XML via OLRC
(a)The corporation may not issue stock or declare or pay a dividend.
(b)The corporation or a director or officer as such may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation.
(c)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)The corporation may not make a loan to a director, officer, or employee.
(e)The corporation may not claim congressional 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) 50107(a)36:3708(d).Dec. 9, 1985, Pub. L. 99–172, § 8, 99 Stat. 1021. 50107(b)36:3708(c). 50107(c)36:3708(a). 50107(d)36:3708(b). 50107(e)36:3708(e). This subsection is substituted for the source provisions for consistency in the revised title and to eliminate unnecessary words.
Reference
Citations & Metadata
Citation
36 U.S.C. § 50107
Title 36 — Patriotic and National Observances
Last Updated
Apr 5, 2026
Release point: 119-73not60