
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: 36USC190107]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
     CHAPTER 1901--RESERVE OFFICERS ASSOCIATION OF THE UNITED STATES
 
Sec. 190107. Restrictions

    (a) Profit.--The corporation may not engage in business for profit.
    (b) Stock.--The corporation may not issue stock.
    (c) Political Activities.--The corporation or an officer or member 
as such may not contribute to, support, or assist a political party or 
candidate for public office.
    (d) 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.
    (e) Loans.--The corporation may not make a loan or advance to an 
officer or member of the national executive committee. Members of the 
national executive committee who vote for or assent to making a loan or 
advance to an officer, 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. 1448.)

                                          Historical and Revision Notes
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---------------------------------
           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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---------------------------------
190107(a), (b)........................  36:229.                          June 3
0, 1950, ch. 431, Secs.  9, 10,
                                                                          11 (w
ords before 2d comma), 14, 64
                                                                          Stat.
 314.
190107(c).............................  36:230.
190107(d).............................  36:231 (words before 2d comma).
190107(e).............................  36:234.
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    In subsection (a), the words ``pecuniary'' and ``or gain'' are 
omitted as unnecessary.
    In subsection (b), the word ``capital'' is omitted as unnecessary.
    In subsection (d), the words ``inure to the benefit of'' are 
substituted for ``inure to'' for consistency in the revised title.
    In subsection (e), the words ``or advance'' are added in 2 places 
for consistency in the subsection.
