36 USC 30906: Restrictions
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36 USC 30906: 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 309-BOY SCOUTS OF AMERICA
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§30906. Restrictions

(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.

( Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1326 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
30906 36:24 (words after semicolon). June 15, 1916, ch. 148, §4 (words after semicolon), 39 Stat. 228 .

The words "certificates of" and "its object and purposes being solely of a benevolent character" are omitted as unnecessary.