§ 120106. Restrictions

129 words·~1 min read·/usc/title-36/section-120106

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(a)Stock and Dividends.— The corporation may not issue stock or declare or pay a dividend.

(b)Political Activities.— The corporation, or a director or officer of the corporation as such, may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation.

(c)Loan.— The corporation may not make a loan to a director, officer, or employee of the corporation.

(d)Claim of Governmental Approval or Authority.— The corporation may not claim congressional approval, or the authority of the United States, for any activity of the corporation.

(e)Corporate Status.— The corporation shall maintain its status as a corporation incorporated under the laws of the State of New York.

(Added Pub. L. 110–254, § 1(a)(2), June 30, 2008, 122 Stat. 2420.)

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Pub. L. 110–254, § 1(a)(2)
122 Stat. 2420

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§ 120106

Restrictions

Pub. L.Pub. L. 110–254, § 1(a)(2)

Stat.122 Stat. 2420

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