Title 36 — Patriotic and National ObservancesRelease 119-73not60
§70908 Restrictions
Title 36 › Subtitle Subtitle II— Patriotic and National Organizations › Part B— Organizations › Chapter 709— FUTURE FARMERS OF AMERICA › § 70908
Summary
No stock or dividends. No political support by FFA or its leaders. No assets to insiders except on final closing. No loans to insiders; approving directors and officers must repay the loan until it is paid back. The board can allow awards, grants, or loans to student members who meet board rules.
Full Legal Text
Title 36, §70908
Patriotic and National Observances — Source: USLM XML via OLRC
(a)The FFA may not issue stock or declare or pay a dividend.
(b)The FFA or a director, officer, or member acting on behalf of the FFA may not contribute to, support, or assist a political party or candidate for elective public office.
(c)The income or assets of the FFA may not inure to the benefit of, or be distributed to, a director, officer, or member, except on dissolution or final liquidation of the FFA.
(d)The FFA may not make a loan to a director, officer, or employee. Directors who vote for or assent to making a loan to a director, officer, or employee, and officers who participate in making the loan, are jointly and severally liable to the corporation for the amount of the loan until it is repaid.
(e)This section does not preclude prizes, awards, grants, or loans to student officers and members meeting the criteria established by the board of directors for selecting recipients of those benefits.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 70908(a)36:282.Aug. 30, 1950, ch. 823, §§ 9, 10, 12, 64 Stat. 566. 70908(b)36:280. 70908(c)36:279(a). 70908(d)36:279(b). 70908(e)36:279(c). In subsection (a), the words “any shares or” and “its objects and purposes being solely educational” are omitted as unnecessary and for consistency in the revised title. In subsection (c), the words “inure to the benefit of” are substituted for “inure to” for consistency in the revised title. The words “as provided in section 285 of this title” are omitted as unnecessary.
Editorial Notes
Amendments
2019—Subsec. (a). Pub. L. 116–7, § 9(1), substituted “FFA” for “corporation”. Subsec. (b). Pub. L. 116–7, § 9(2), substituted “FFA or a director, officer, or member acting on behalf of the FFA” for “corporation or a director, officer, or member as such”. Subsec. (c). Pub. L. 116–7, § 9(3), substituted “FFA” for “corporation” in two places. Subsec. (d). Pub. L. 116–7, § 9(4), substituted “FFA” for “corporation” in first sentence.
Reference
Citations & Metadata
Citation
36 U.S.C. § 70908
Title 36 — Patriotic and National Observances
Last Updated
Apr 5, 2026
Release point: 119-73not60