36 U.S.C. § 70507
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)
- (1)The activities, funds, income, and property of the corporation may not be used to carry on political activity or attempt to influence legislation.
- (2)The corporation or a director or officer in the corporate capacity of the director of 1 So in original. Probably should be “or”. officer may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation.
- (c)
- (1)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, in amounts approved by the board of directors, of—
- (2)This subsection shall not be construed to—
- (d)The corporation may not make a loan to a director, officer, member, or employee.
- (e)Members and private individuals are not liable for the obligations of the corporation.
- (f)The corporation—