
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: 36USC220108]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
        CHAPTER 2201--UNITED SERVICE ORGANIZATIONS, INCORPORATED
 
Sec. 220108. Restrictions

    (a) Profit.--The corporation may not engage in business activity for 
profit unless the activity is substantially related to--
        (1) the purposes stated in section 220102 of this title; or
        (2) raising funds to accomplish those purposes.

    (b) Stock and Dividends.--The corporation may not issue stock or 
declare or pay a dividend.
    (c) Political Activities.--The corporation shall be nonpolitical and 
may not provide financial aid or assistance to, or otherwise promote the 
candidacy of, an individual seeking elective public office. A 
substantial part of the activities of the corporation may not involve 
carrying on propaganda or otherwise attempting to influence legislation.
    (d) Distribution of Income or Assets.--The income or assets of the 
corporation may not inure to the benefit of a governor, officer, member, 
or employee or be distributed to any person 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, 
employee, or other person or reimbursement for actual necessary expenses 
in amounts approved by the board of governors.
    (e) Loans.--The corporation may not make a loan to a governor, 
officer, member, or employee.

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1461.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
220108(a).............................  36:1304(b) (last sentence).      Dec. 2
9, 1979, Pub. L. 96-165, Sec.
                                                                          4(a),
 (b), (d), (e), 93 Stat. 1269,
                                                                          1270.
220108(b).............................  36:1304(b) (1st sentence).
220108(c).............................  36:1304(a).
220108(d).............................  36:1304(d).
220108(e).............................  36:1304(e).
-------------------------------------------------------------------------------
---------------------------------

    In subsection (a), before clause (1), the word ``pecuniary'' is 
omitted as unnecessary.
    In subsection (b), the words ``any shares of capital'' are omitted 
as unnecessary.
    In subsection (c), the words ``as an organization'' are omitted as 
unnecessary.
    In subsection (d) the words ``inure to the benefit of'' are 
substituted for ``inure to'' for consistency in the revised title.
