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Title 36, Patriotic and National ObservancesRelease 119-110

§80507 Restrictions

Title 36 › Subtitle II — Patriotic and National Organizations › Part B — Organizations › CHAPTER 805 — GOLD STAR WIVES OF AMERICA › § 80507

Last updated Sep 22, 2026|Official source

Summary

The corporation must not issue stock or pay any dividends. It must not give money to, support, join in, or try to influence political campaigns or laws. The corporation's money or property must not go to any director, officer, or member while its charter lasts. The board of directors can approve reasonable pay and reimbursements for real, necessary expenses. The corporation must not lend money to any director, officer, or employee.

Full Legal Text

Title 36, §80507

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 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 any director, officer, or employee.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 80507(a)36:1608(d).Dec. 4, 1980, Pub. L. 96–497, § 8, 94 Stat. 2596. 80507(b)36:1608(c). 80507(c)36:1608(a). 80507(d)36:1608(b). In subsection (a), the words “any shares of” are omitted as unnecessary. In subsection (b), the words “as such” are substituted for “acting as such officer or director” 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.

Reference

Citations & Metadata

Citation

36 U.S.C. § 80507

Title 36, Patriotic and National Observances

Last Updated

Sep 22, 2026

Release point: 119-110