Federal · Title 36 — Patriotic and National Observances, Ceremonies, and Organizations

36 U.S.C. § 120106: Restrictions

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The corporation may not issue stock or declare or pay a dividend. 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. The corporation may not make a loan to a director, officer, or employee of the corporation. The corporation may not claim congressional approval, or the authority of the United States, for any activity of the corporation. The corporation shall maintain its status as a corporation incorporated under the laws of the State of New York.

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