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§ 40305. Restrictions

Type Statute

Publication 2024-04-08

State In force

Department United States Congress

Source OLRC

Reform history JSON API

§ 40305. Restrictions

The corporation may not engage in business for profit or issue stock.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1332.)

This section is substituted for 36:204(a) to eliminate unnecessary words. The text of 36:204(b) is omitted as executed and obsolete.

Historical and Revision Notes
RevisedSection	Source (U.S. Code)	Source (Statutes at Large)
40305	36:204.	July 1, 1946, ch. 527, § 4, 60 Stat. 347.

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