StacksVerified U.S. regulatory reference

36 U.S.C. § 210106

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
  1. (a)The corporation shall be operated exclusively for educational purposes.
  2. (b)The corporation may not issue stock or declare or pay a dividend.
  3. (c)The income or assets of the corporation may not inure to the benefit of any member or individual.