
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: 36USC23106]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
                   CHAPTER 231--AVIATION HALL OF FAME
 
Sec. 23106. Restrictions

    (a) Stock and Dividends.--The corporation may not issue stock or 
declare or pay a dividend.
    (b) Political Activities.--The corporation or a trustee, officer, 
employee, member of the board of nominations, or member of the 
corporation 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 
trustee, officer, member of the board of nominations, or member of the 
corporation, 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 in an 
amount approved by the board of trustees.
    (d) Loans.--The corporation may not make a loan or advance to a 
trustee, officer, employee, member of the board of nominations, or 
member of the corporation. Trustees who vote for or assent to making 
such a loan or advance, 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.
    (e) Contributions to Certain Organizations.--None of the principal 
or interest of a fund referred to in section 23102(1) of this title may 
be contributed to an organization if--
        (1) a substantial part of its activities is carrying on 
    propaganda or attempting to influence legislation; or
        (2) any part of its net earnings benefits a private shareholder 
    or individual.

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1313.)

                                          Historical and Revision Notes
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---------------------------------
           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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---------------------------------
23106(a)..............................  36:4313.                         July 1
4, 1964, Pub. L. 88-372, Secs.
                                                                          3(1) 
(1st sentence words after 8th
                                                                          comma
), 10, 11, 13, 78 Stat. 314, 317.
23106(b)..............................  36:4311.
23106(c)..............................  36:4310(a).
23106(d)..............................  36:4310(b).
23106(e)..............................  36:4303(1) (1st sentence words
                                         after 8th comma).
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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.
