§80306. Restrictions
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Latest NOW As originally enacted Aug 12, 199836 U.S.C. § 80306
Profit.— The corporation may not operate for profit.
Political Activities.— The corporation shall be nonpolitical and nonsectarian.
Notes, amendments, and revision history
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1362.)
| Historical and Revision Notes | ||
|---|---|---|
| Revised Section |
Source (U.S. Code) | Source (Statutes at Large) |
| 80306 | 36:33 (words after 19th comma). | Mar. 16, 1950, ch. 62, § 3 (words after 19th comma), 64 Stat. 23. |
In subsection (a), the word “pecuniary” is omitted as unnecessary.
In subsection (b), the words “The corporation shall be” are substituted for “which purposes shall be” for clarity and consistency in the revised title.