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► 36 U.S.C. § 154708 36 u.s.c. · non commissioned officers association of · title 36
36 U.S.C. § 154708
Restrictions
Title 36 USC
● ACTIVE
Ch. 1547
Jurisdiction Federal — United States
Chapter NON COMMISSIONED OFFICERS ASSOCIATION OF THE UNITED STATES OF AMERICA, INCORPORATED
Primary Source uscode.house.gov ↗
Federation ID OM-USC36-SEC-76A20D
► 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 1547 - NON COMMISSIONED OFFICERS ASSOCIATION OF THE UNITED STATES OF AMERICA, INCORPORATED Sec. 154708 - Restrictions From the U.S. Government Publishing Office, www.gpo.gov

§154708. Restrictions

(a) Stock and Dividends.—The corporation may not issue stock or declare or pay a dividend. (b) 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. (c) Loans.—The corporation may not make a loan to a director, officer, or employee. (d) 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.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1438.)

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

154708 36:4009. Apr. 6, 1988, Pub. L. 100–281, §9, 102 Stat. 74.

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.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 36 U.S.C. § 154708 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. § 154707 36 U.S.C. § 154709 →
Chapter 1547 — NON COMMISSIONED OFFICERS ASSOCIATION OF THE UNITED STATES OF AMERICA, INCORPORATED
36 U.S.C. § 15470136 U.S.C. § 15470236 U.S.C. § 15470336 U.S.C. § 15470436 U.S.C. § 15470536 U.S.C. § 15470636 U.S.C. § 15470736 U.S.C. § 15470836 U.S.C. § 15470936 U.S.C. § 15471036 U.S.C. § 15471136 U.S.C. § 15471236 U.S.C. § 154713
36 U.S.C. — public domain ← All Legislation
OakMorel Law
36 U.S.C.
Citation
36 U.S.C. § 154708
Status
● ACTIVE
Chapter
1547 — NON COMMISSIONED OFFICERS ASSOCIATION OF THE UNITED STATES OF AMERICA, INCORPORATED
Title
Patriotic and National Observances, Ceremonies, and Organizations
Jurisdiction
Federal
Federation ID
OM-USC36-SEC-76A20D
Root-LD Spec
v1.0
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Patriotic and National Observances, Ceremonies, and Organizations — 36 U.S.C. § 154708