Title 36 — Patriotic and National Observances, Ceremonies, and Organizations
Part B · Chapter 211 — American Gold Star Mothers, Incorporated
§ 21107. Restrictions
Statutory text
Stock and Dividends.—
The corporation may not issue stock or declare or pay a dividend.
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.
Loans.—
The corporation may not make a loan to a director, officer, or employee.
Claim of Governmental Approval or Authority.—
The corporation may not claim congressional approval or the authority of the United States Government for any of its activities.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 105–225 · 112 Stat. 1253
Enacted · 36 U.S.C. § 21107
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1293.)
Source evidence
Code source credit
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1293.)
0 of 1 references resolved to an enrolled provision · 1 partial
Notes
historicalAndRevision
| Historical and Revision Notes | ||
|---|---|---|
| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| 21107(a) | 36:2408(c). | June 12, 1984, Pub. L. 98–314, § 8(a)–(d), 98 Stat. 238. |
| 21107(b) | 36:2408(a). | |
| 21107(c) | 36:2408(b). | |
| 21107(d) | 36:2408(d). | |
In subsection (a), the words “any shares of” are omitted as unnecessary.
In subsection (b), the words “inure to the benefit of” are substituted for “inure to” for consistency in the revised title.