20 U.S.C. § 4419 — Nonprofit and nonpolitical nature of Institute

FEDERAL · 20 U.S.C. · Chapter 56

Nonprofit and nonpolitical nature of Institute

20 U.S.C. § 4419

Chapter56 — AMERICAN INDIAN, ALASKA NATIVE, AND NATIVE HAWAIIAN CULTURE AND ART DEVELOPMENT

SubchapterI

Current throughPub. L. 119-99

This text of 20 U.S.C. § 4419 (Nonprofit and nonpolitical nature of Institute) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

20 U.S.C. § 4419.

Text

(a)Stock The Institute shall have no power to issue any shares of stock or to declare or pay any dividends.

(b)Nonprofit nature No part of the income or assets of the Institute shall inure to the benefit of any director, officer, employee, or any other individual except as salary or reasonable compensation for services.

(c)Nonpolitical nature The Institute may not contribute to, or otherwise support, any political party or candidate for elective public office.

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(a) Stock
The Institute shall have no power to issue any shares of stock or to declare or pay any dividends.
(b) Nonprofit nature
No part of the income or assets of the Institute shall inure to the benefit of any director, officer, employee, or any other individual except as salary or reasonable compensation for services.
(c) Nonpolitical nature
The Institute may not contribute to, or otherwise support, any political party or candidate for elective public office.

Source Credit

History

(Pub. L. 99–498, title XV, §1512, Oct. 17, 1986, 100 Stat. 1607.)

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Bluebook (online)

20 U.S.C. § 4419, Counsel Stack Legal Research, https://law.counselstack.com/usc/20/4419.