FEDERAL · 36 U.S.C. · Chapter 2101
Restrictions
36 U.S.C. § 210106
Title36 — Patriotic and National Observances
Chapter2101 — THEODORE ROOSEVELT ASSOCIATION
This text of 36 U.S.C. § 210106 (Restrictions) 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
36 U.S.C. § 210106.
Text
(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.
Free access — add to your briefcase to read the full text and ask questions with AI
Source Credit
History
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1456.)
Editorial Notes
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.
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.
Cite This Page — Counsel Stack
Bluebook (online)
36 U.S.C. § 210106, Counsel Stack Legal Research, https://law.counselstack.com/usc/36/210106.