Federal · Title 36 — Patriotic and National Observances, Ceremonies, and Organizations
36 U.S.C. § 152307: Restrictions
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The corporation may not engage in business for profit. The corporation may not issue stock or declare or pay a dividend. The corporation or a director, officer, or member as such may not contribute to, support, or assist a political party or candidate for elective public office. The income or assets of the corporation may not inure to the benefit of, or be distributed to, a director, officer, or member except on dissolution or final liquidation of the corporation. The corporation may not make a loan to a director, officer, or employee. Directors who vote for or assent to making a loan to a director, officer, or employee, and officers who participate in making the loan, are jointly and severally liable to the corporation for the amount of the loan until it is repaid.
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