Statute · United States Code
36 U.S.C. § 210106 — Restrictions
36 U.S.C. § 210106
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- employee-benefits-and-executive-compensation
(a) Exclusively Educational Purposes.—The corporation shall be operated exclusively for educational purposes. (b) Stocks and Dividends.—The corporation may not issue stock or declare or pay a dividend. (c) Distributions of Income or Assets.—The income or assets of the corporation may not inure to the benefit of any member or individual.
Citator
36 U.S.C. § 210106 — Restrictions is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Exclusively Educational Purposes.—The corporation shall be operated exclusively for educational purposes. (b) Stocks and Dividends.—The corporation may not issue stock or declare or pay a dividend. (c) Distributions of Income or Assets.—The income or assets of the corporation may not inure to the benefit of any member or individual.