Statute · United States Code
36 U.S.C. § 30906 — Restrictions
36 U.S.C. § 30906
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- general
(a) Profit.—The corporation may not operate for pecuniary profit to its members. (b) Stocks and Dividends.—The corporation may not issue stock or declare or pay a dividend.
Citator
36 U.S.C. § 30906 — Restrictions is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Profit.—The corporation may not operate for pecuniary profit to its members. (b) Stocks and Dividends.—The corporation may not issue stock or declare or pay a dividend.