
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: 36USC151906]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
            CHAPTER 1519--NATIONAL FUND FOR MEDICAL EDUCATION
 
Sec. 151906. Restrictions

    (a) Stock and Dividends.--The corporation may not issue stock or 
declare or pay a dividend.
    (b) Political Activities.--The corporation or a director or officer 
as such may not contribute to, support, or assist a political party or 
candidate for public office.
    (c) Distribution of Income or Assets.--The income or assets of the 
corporation may not inure to the benefit of, or be distributed to, a 
director, officer, or member during the life of the corporation or on 
its dissolution or final liquidation. This subsection does not prevent 
the payment of compensation to an officer in an amount approved by the 
board of directors.
    (d) Loans.--The corporation may not make a loan or advance to a 
director, officer, or employee. Directors who vote for or assent to 
making a loan or advance to a director, officer, or employee, and 
officers 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. 1409.)

                                          Historical and Revision Notes
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           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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151906(a).............................  36:612.                          Aug. 2
8, 1954, ch. 1036, Secs.  9, 10,
                                                                          12, 6
8 Stat. 894.
151906(b).............................  36:610.
151906(c).............................  36:609(a).
151906(d).............................  36:609(b).
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    In subsection (a), the words ``any shares of'' are omitted as 
unnecessary.
    In subsection (c), the words ``inure to the benefit of'' are 
substituted for ``inure to'' for consistency in the revised title. The 
words ``This subsection does not'' are substituted for ``Nothing in this 
subsection, however, shall be construed to'' for consistency in the 
revised title and to eliminate unnecessary words.
    In subsection (d), the words ``or advance'' are added in 2 places 
for consistency in the subsection.
