ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

36 U.S.C. § 210106 — Restrictions

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 56 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Theodore Roosevelt Association must operate only for educational purposes. It can't issue stock or pay dividends, and its income or property can't benefit any individual member.

(a) Exclusively Educational Purposes.— The corporation must operate only for educational purposes. (b) Stocks and Dividends.— The corporation cannot issue stock or declare or pay a dividend. (c) Distributions of Income or Assets.— The corporation's income or assets cannot benefit any member or individual.
the actual law source: uscode.house.gov ↗public domain
(a)Exclusively Educational Purposes.—

The corporation shall be operated exclusively for educational purposes.

(b)Stocks and Dividends.—

The corporation may not issue stock or declare or pay a dividend.

(c)Distributions of Income or Assets.—

The income or assets of the corporation may not inure to the benefit of any member or individual.

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1456.)

history & why it existsrecord from the source credit
  • 1998Enacted · Pub. L. 105-225 · 112 Stat. 1456

A history note hasn’t been published yet. The record shows enactment by Pub. L. 105-225 on 1998-08-12.

all 0 arguments · sorted by: best

0/280

no arguments yet — make the first case