
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: 36USC153707]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
CHAPTER 1537--NATIONAL WOMAN'S RELIEF CORPS, AUXILIARY TO THE GRAND ARMY 
                             OF THE REPUBLIC
 
Sec. 153707. 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 agent 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, an 
officer or member during the life of the corporation or on its 
dissolution or final liquidation. This subsection does not prevent the 
payment of reasonable compensation to an officer or reimbursement for 
actual necessary expenses in amounts approved by the council of 
administration of the corporation.
    (d) Loans.--The corporation may not make a loan or advance to an 
officer or member of the corporation. Members of the council of 
administration who vote for or assent to making a loan or advance to an 
officer or member, 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. 1429.)

                                          Historical and Revision Notes
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           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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153707(a).............................  36:1013.                         Sept. 
7, 1962, Pub. L. 87-650, Secs.
                                                                          10, 1
1, 13, 76 Stat. 504, 505.
153707(b).............................  36:1011.
153707(c).............................  36:1010(a).
153707(d).............................  36:1010(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.
    In subsection (d), the words ``or advance'' are added in 2 places 
for consistency in the subsection. In the first sentence, the words ``or 
member'' are added for consistency in the subsection.
