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36 U.S.C. § 21905 — Restrictions

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 49 words · no verdicts yet

in plain englishAI-generated · not legal advice

The corporation must operate as a nonprofit and cannot issue stock. It must stay nonpolitical and nonsectarian, and cannot back candidates for office. It also cannot have honorary members.

(a) Profit and Stock The corporation must be a nonprofit — it cannot issue stock to anyone. (b) Political Activities The corporation must stay nonpolitical and nonsectarian. It may not promote the candidacy of anyone seeking public office. (c) Honorary Members The corporation is not allowed to have honorary members.
the actual law source: uscode.house.gov ↗public domain
(a)Profit and Stock.—

The corporation shall be nonprofit and may not issue stock.

(b)Political Activities.—

The corporation shall be nonpolitical and nonsectarian, and may not promote the candidacy of an individual seeking public office.

(c)Honorary Members.—

The corporation may not have honorary members.

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1299.)

history & why it existsrecord from the source credit
  • 1998Enacted · Pub. L. 105-225 · 112 Stat. 1299

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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