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► 36 U.S.C. § 152707 36 u.s.c. · national ski patrol system, incorporated · title 36
36 U.S.C. § 152707
Restrictions
Title 36 USC
● ACTIVE
Ch. 1527
Jurisdiction Federal — United States
Chapter NATIONAL SKI PATROL SYSTEM, INCORPORATED
Primary Source uscode.house.gov ↗
Federation ID OM-USC36-SEC-5B7DF2
► 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 1527 - NATIONAL SKI PATROL SYSTEM, INCORPORATED Sec. 152707 - Restrictions From the U.S. Government Publishing Office, www.gpo.gov

§152707. Restrictions

(a) Stock and Dividends.—The corporation may not issue stock or declare or pay a dividend. (b) Political Activities.—The corporation or a director or officer as such may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation. (c) 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. (d) Loans.—The corporation may not make a loan to a director, officer, or employee.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1419.)

Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)

152707(a) 36:1508(d). Dec. 2, 1980, Pub. L. 96–489, §8, 94 Stat. 2554.

152707(b) 36:1508(c).

152707(c) 36:1508(a).

152707(d) 36:1508(b).

In subsection (a), the words "any shares of" are omitted as unnecessary. In subsection (c), the words "inure to the benefit of" are substituted for "inure to" for consistency in the revised title.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 36 U.S.C. § 152707 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. § 152706 36 U.S.C. § 152708 →
Chapter 1527 — NATIONAL SKI PATROL SYSTEM, INCORPORATED
36 U.S.C. § 15270136 U.S.C. § 15270236 U.S.C. § 15270336 U.S.C. § 15270436 U.S.C. § 15270536 U.S.C. § 15270636 U.S.C. § 15270736 U.S.C. § 15270836 U.S.C. § 15270936 U.S.C. § 15271036 U.S.C. § 15271136 U.S.C. § 152712
36 U.S.C. — public domain ← All Legislation
OakMorel Law
36 U.S.C.
Citation
36 U.S.C. § 152707
Status
● ACTIVE
Chapter
1527 — NATIONAL SKI PATROL SYSTEM, INCORPORATED
Title
Patriotic and National Observances, Ceremonies, and Organizations
Jurisdiction
Federal
Federation ID
OM-USC36-SEC-5B7DF2
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v1.0
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Patriotic and National Observances, Ceremonies, and Organizations — 36 U.S.C. § 152707