20 U.S.C. § 4419 — Nonprofit and nonpolitical nature of Institute
Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
- (a)StockThe Institute shall have no power to issue any shares of stock or to declare or pay any dividends.
- (b)Nonprofit natureNo part of the income or assets of the Institute shall inure to the benefit of any director, officer, employee, or any other individual except as salary or reasonable compensation for services.
- (c)Nonpolitical natureThe Institute may not contribute to, or otherwise support, any political party or candidate for elective public office.