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§ 80306. Restrictions

Type Statute

Publication 2024-04-08

State In force

Department United States Congress

Source OLRC

Reform history JSON API

§ 80306. Restrictions

(a) Profit.— The corporation may not operate for profit.

(b) Political Activities.— The corporation shall be nonpolitical and nonsectarian.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1362.)

In subsection (a), the word “pecuniary” is omitted as unnecessary.

In subsection (b), the words “The corporation shall be” are substituted for “which purposes shall be” for clarity and consistency in the revised title.

Historical and Revision Notes
RevisedSection	Source (U.S. Code)	Source (Statutes at Large)
80306	36:33 (words after 19th comma).	Mar. 16, 1950, ch. 62, § 3 (words after 19th comma), 64 Stat. 23.

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