36 U.S.C. § 30307
Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
- (a)The corporation may not issue stock or declare or pay a dividend.
- (b)The corporation or a director or officer as such may not contribute to, support, or assist a political party or candidate for elective public office.
- (c)The income or assets of the corporation may not inure to the benefit of, or be distributed to, a director, officer, or member as such during the life of the corporation or on its dissolution or final liquidation. This section does not prevent the payment of—
- (d)The corporation may not make a loan to a director, officer, or employee. Directors and officers who vote for or assent to making a loan to a director, officer, or employee, and officers who participate in making the loan, are jointly and severally liable to the corporation for the amount of the loan until it is repaid.
- (e)Members and private individuals are not liable for the obligations of the corporation.