
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 36USC40107]

 
     TITLE 36--PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND 
                              ORGANIZATIONS
 
            Subtitle II--Patriotic and National Organizations
 
                          Part B--Organizations
 
  CHAPTER 401--CATHOLIC WAR VETERANS OF THE UNITED STATES OF AMERICA, 
                              INCORPORATED
 
Sec. 40107. 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 
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 employee in an amount approved by the 
board of directors.
    (c) Loans.--The corporation may not make a loan to a director, 
officer, or employee.
    (d) Claim of Governmental Approval or Authorization.--The 
corporation may not claim congressional approval or the authority of the 
United States Government for any of its activities.

(Pub. L. 105-225, Aug. 12, 1998, 112 Stat. 1330.)

                                          Historical and Revision Notes
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           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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40107.................................  36:2608.                         Aug. 1
7, 1984, Pub. L. 98-382, Sec.  8,
                                                                          98 St
at. 1344.
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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.
