ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

36 U.S.C. § 30906 — Restrictions

submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 31 words · no verdicts yet

in plain englishAI-generated · not legal advice

The corporation can't operate to make money for its members, and it can't issue stock or pay dividends.

(a) Profit. The corporation can't run its operations to make money for its members. (b) Stocks and Dividends. It can't issue stock or pay out dividends.
the actual law source: uscode.house.gov ↗public domain
(a)Profit.—

The corporation may not operate for pecuniary profit to its members.

(b)Stocks and Dividends.—

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

Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1326.)

history & why it existsrecord from the source credit
  • 1998Enacted · Pub. L. 105-225 · 112 Stat. 1326

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