Code · BILL · 119th Congress · H.R. 4085 (Introduced in House) — To establish Haskell Indian Nations University as a federally chartered educational institution to fulfill the treaty... · Sec. 15

Sec. 15. Nonprofit and nonpolitical nature of the University

69 words·~1 min read·/bill/119/hr/4085/ih/section-15

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The University shall have no power to issue any shares of stock or to declare or pay any dividends. No part of the income or assets of the University shall inure to the benefit of any director, officer, employee, or any other individual except as salary or reasonable compensation for services. The University may not contribute to, or otherwise support, any political party or candidate for elective public office.