(a) Profit and Stock.—The corporation shall be nonprofit and may not issue stock.
(b) Political Activities.—The corporation shall be nonpolitical and nonsectarian, and may not promote the candidacy of an individual seeking public office.
(c) Honorary Members.—The corporation may not have honorary members.
Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)21905(a) 36:3302 (1st sentence). July 5, 1935, ch. 373, §§2 (1st sentence), 4, 49 Stat. 458. 21905(b) 36:3304 (1st sentence). 21905(c) 36:3304 (last sentence). In subsection (a), the word "capital" is omitted for consistency in the revised title. In subsection (b), the words "as an organization" are omitted as unnecessary.
36 U.S.C. § 21905 (2018)
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