36 U.S.C. § 30906 — Restrictions

FEDERAL · 36 U.S.C. · Chapter 309

Restrictions

Current through Pub. L. 119-102

(a)Profit.—The corporation may not operate for pecuniary profit to its members.

(b)Stocks and Dividends.—The corporation may not issue stock or declare or pay a dividend.

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36 U.S.C. § 30906 (Restrictions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1326.)

The words "certificates of" and "its object and purposes being solely of a benevolent character" are omitted as unnecessary.