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
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 member or individual.
(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 corporation shall be operated exclusively for educational purposes.
The corporation may not issue stock or declare or pay a dividend.
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.)
- 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.
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