U.S.C. Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDÂ ORGANIZATIONS 36 U.S.C. United States Code, 2023 Edition Title 36 - PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, ANDÂ ORGANIZATIONS Subtitle II - Patriotic and National Organizations Part B - Organizations CHAPTER 2101 - THEODORE ROOSEVELT ASSOCIATION Sec. 210106 - Restrictions From the U.S. Government Publishing Office, www.gpo.gov
§210106. Restrictions
(a) Exclusively Educational Purposes.—The corporation shall be operated exclusively for educational purposes. (b) Stocks and Dividends.—The corporation may not issue stock or declare or pay a dividend. (c) Distributions of Income or Assets.—The income or assets of the corporation may not inure to the benefit of any member or individual.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1456.)
Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)
210106 36:4705. May 31, 1920, ch. 216, §5, 41 Stat. 693.
In subsection (a), the words "is organized and" are omitted as executed and obsolete. In subsection (b), the words "certificates of" are omitted as unnecessary. In subsection (c), the words "income or assets" are substituted for "earnings, income, or funds" for consistency in the revised title.