36 U.S.C. § 120106

Current through P.L. 118-82 (published on www.congress.gov on 09/20/2024)
Section 120106 - Restrictions
(a) STOCK AND DIVIDENDS.-The corporation may not issue stock or declare or pay a dividend.
(b) POLITICAL ACTIVITIES.-The corporation, or a director or officer of the corporation as such, may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation.
(c) LOAN.-The corporation may not make a loan to a director, officer, or employee of the corporation.
(d) CLAIM OF GOVERNMENTAL APPROVAL OR AUTHORITY.-The corporation may not claim congressional approval, or the authority of the United States, for any activity of the corporation.
(e) CORPORATE STATUS.-The corporation shall maintain its status as a corporation incorporated under the laws of the State of New York.

36 U.S.C. § 120106

Added Pub. L. 110-254, §1(a)(2), June 30, 2008, 122 Stat. 2420.