
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 36USC150508]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
   CHAPTER 1505--NATIONAL CONFERENCE OF STATE SOCIETIES, WASHINGTON, 
                          DISTRICT OF COLUMBIA
 
Sec. 150508. Restrictions

    (a) Stock and Dividends.--The corporation may not issue stock or 
declare or pay a dividend.
    (b) Political Activities.--The corporation or an officer or member 
as such may not contribute to, support, or assist a political party or 
candidate for elective public office. The corporation may not carry on 
propaganda.
    (c) Distribution of Income or Assets.--The income or assets of the 
corporation may not inure to the benefit of, or be distributed to, an 
officer or member except on dissolution or final liquidation of the 
corporation.
    (d) Loans.--The corporation may not make a loan or advance to an 
officer or member of the board of representatives. Officers and members 
of the board who vote for or assent to making a loan or advance to an 
officer or member of the board, and officers or members of the board who 
participate in making the loan or advance, are jointly and severally 
liable to the corporation for the amount of the loan or advance until it 
is repaid.

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1390.)

                                          Historical and Revision Notes
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---------------------------------
           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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---------------------------------
150508(a).............................  36:414.                          Apr. 3
, 1952, ch. 131, Secs.  9-11, 14,
                                                                          15, 6
6 Stat. 40.
150508(b).............................  36:410.
                                        36:411.
150508(c).............................  36:409.
150508(d).............................  36:415.
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---------------------------------

    In subsection (a), the words ``any shares of'' are omitted as 
unnecessary.
    In subsection (b), the words ``The corporation may not'' are 
substituted for ``No part of the activities of the corporation shall 
consist of'' to eliminate unnecessary words.
    In subsection (c), the words ``inure to the benefit of'' are 
substituted for ``inure'' for consistency in the revised title. The 
words ``as provided in section 417 of this title'' are omitted as 
unnecessary.
    In subsection (d), the words ``or advance'' are added in 2 places 
for consistency in the subsection.
