
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: 36USC220308]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
         CHAPTER 2203--UNITED STATES CAPITOL HISTORICAL SOCIETY
 
Sec. 220308. Restrictions

    (a) Stock and Dividends.--The corporation may not issue stock or 
declare or pay a dividend.
    (b) Distribution of Income or Assets.--The income or assets of the 
corporation may not inure to the benefit of, or be distributed to, a 
trustee, officer, or member as such 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 employee 
or reimbursement for actual expenses in amounts approved by the board of 
trustees.
    (c) Loans.--The corporation may not make a loan or advance to a 
trustee, officer, or employee. Trustees who vote for or assent to making 
a loan or advance to a trustee, 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. 1464.)

                                          Historical and Revision Notes
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           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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220308(a).............................  36:1211.                         Oct. 2
0, 1978, Pub. L. 95-493, Secs.
                                                                          9, 11
, 92 Stat. 1646.
220308(b).............................  36:1209(a).
220308(c).............................  36:1209(b).
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    In subsection (a), the words ``any shares of'' are omitted as 
unnecessary.
    In subsection (b), the words ``inure to the benefit of'' are 
substituted for ``inure to'' for consistency in the revised title. The 
words ``This subsection does not prevent'' are substituted for ``Nothing 
in this subsection, however, shall be construed to prevent'' for 
consistency in the revised title and to eliminate unnecessary words.
    In subsection (c), the words ``or advance'' are added the first time 
they appear for consistency in the subsection. The word ``Trustees'' is 
substituted for ``Any director'', and the word ``trustee'' is 
substituted for ``director'', for clarity and consistency in the revised 
chapter.
