36 USC 21905: Restrictions
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36 USC 21905: Restrictions Text contains those laws in effect on November 21, 2024
From Title 36-PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONSSubtitle II-Patriotic and National OrganizationsPart B-OrganizationsCHAPTER 219-THE AMERICAN NATIONAL THEATER AND ACADEMY
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§21905. Restrictions

(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.

( Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1299 .)

Historical and Revision Notes
Revised

Section

Source (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.