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► 36 U.S.C. § 150409 36 u.s.c. · national american indian veterans, incor · title 36
36 U.S.C. § 150409
Restrictions
Title 36 USC
● ACTIVE
Ch. 1504
Jurisdiction Federal — United States
Chapter NATIONAL AMERICAN INDIAN VETERANS, INCORPORATED
Primary Source uscode.house.gov ↗
Federation ID OM-USC36-SEC-3F803F
► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS 36 U.S.C. United States Code, 2023 Edition Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS Subtitle II - Patriotic and National Organizations Part B - Organizations CHAPTER 1504 - NATIONAL AMERICAN INDIAN VETERANS, INCORPORATED Sec. 150409 - Restrictions From the U.S. Government Publishing Office, www.gpo.gov

§150409. Restrictions

(a) Stock and Dividends.—The corporation may not— (1) issue any shares of stock; or (2) declare or pay any dividends.

(b) Distribution of Income or Assets.— (1) In general.—The income or assets of the corporation may not— (A) inure to any person who is a member, officer, or director of the corporation; or (B) be distributed to any such person during the life of the charter granted by this chapter.

(2) Effect.—Nothing in this subsection prevents the payment of reasonable compensation to the officers of the corporation, or reimbursement for actual and necessary expenses, in amounts approved by the board of directors.

(c) Loans.—The corporation may not make any loan to any officer, director, member, or employee of the corporation. (d) No Federal Endorsement.—The corporation may not claim congressional approval or Federal Government authority by virtue of the charter granted by this chapter for any of the activities of the corporation.

(Added Pub. L. 118–31, div. E, title LI, §5103(a), Dec. 22, 2023, 137 Stat. 937.)

Source: uscode.house.gov — public domain Official Source ↗
► ROOT-LD ENTITY DATA machine-readable · federation graph · v1.0
Federation ID
OM-USC36-SEC-3F803F
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
oakmorel.com
Spec Version
Root-LD v1.0
Source
PRIMARY-SOURCE
Content Hash
27b272bd06acca47...
Source Verified
✓ TRUE
Semantic Edges
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The statutory text of 36 U.S.C. § 150409 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 36 U.S.C. § 150408 36 U.S.C. § 150410 →
Chapter 1504 — NATIONAL AMERICAN INDIAN VETERANS, INCORPORATED
36 U.S.C. § 15040136 U.S.C. § 15040236 U.S.C. § 15040336 U.S.C. § 15040436 U.S.C. § 15040536 U.S.C. § 15040636 U.S.C. § 15040736 U.S.C. § 15040836 U.S.C. § 15040936 U.S.C. § 15041036 U.S.C. § 15041136 U.S.C. § 15041236 U.S.C. § 15041336 U.S.C. § 15041436 U.S.C. § 150415
36 U.S.C. — public domain ← All Legislation
OakMorel Law
36 U.S.C.
Citation
36 U.S.C. § 150409
Status
● ACTIVE
Chapter
1504 — NATIONAL AMERICAN INDIAN VETERANS, INCORPORATED
Title
Patriotic and National Observances, Ceremonies, and Organizations
Jurisdiction
Federal
Federation ID
OM-USC36-SEC-3F803F
Root-LD Spec
v1.0
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Patriotic and National Observances, Ceremonies, and Organizations — 36 U.S.C. § 150409