
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: 36USC240107]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
         CHAPTER 2401--WOMEN'S ARMY CORPS VETERANS' ASSOCIATION
 
Sec. 240107. Restrictions

    (a) Stock and Dividends.--The corporation may not issue stock or 
declare or pay a dividend.
    (b) Political Activities.--The corporation or a director or officer 
as such may not contribute to, support, or otherwise participate in any 
political activity or in any manner attempt to influence legislation.
    (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 
director, officer, or member during the life of the charter granted by 
this chapter. This subsection does not prevent the payment of reasonable 
compensation to an officer or reimbursement for actual necessary 
expenses in amounts approved by the board of directors.
    (d) Loans.--The corporation may not make a loan to a director, 
officer, or employee.
    (e) Claim of Governmental Approval or Authority.--The corporation 
may not claim the approval or the authority of the United States 
Government for any of its activities.

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1489.)

                                          Historical and Revision Notes
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---------------------------------
           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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---------------------------------
240107(a).............................  36:3108(d).                      Oct. 3
0, 1984, Pub. L. 98-584, Sec.  8,
                                                                          98 St
at. 3098.
240107(b).............................  36:3108(c).
240107(c).............................  36:3108(a).
240107(d).............................  36:3108(b).
240107(e).............................  36:3108(e).
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    In subsection (a), the words ``any shares of'' are omitted as 
unnecessary.
    In subsection (b), the words ``as such'' are substituted for 
``thereof'' for consistency in the revised title.
    In subsection (c), the words ``inure to the benefit of'' are 
substituted for ``inure'' for consistency in the revised title. The 
words ``This subsection does not prevent'' are substituted for ``Nothing 
in this subsection shall be construed to prevent'' for consistency in 
the revised title and to eliminate unnecessary words.
