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United States Code (Last Updated: May 24, 2014) |
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Title 36. PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS |
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SubTitle II. Patriotic and National Organizations |
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Part B. Organizations |
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Chapter 2205. UNITED STATES OLYMPIC COMMITTEE |
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SubChapter I. CORPORATION |
§ 220507. Restrictions
Latest version.
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(a) Profit and Stock.— The corporation may not engage in business for profit or issue stock. (b) Political Activities.— The corporation shall be nonpolitical and may not promote the candidacy of an individual seeking public office.
Historical And Revision
Historical and Revision Notes | ||
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Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
220507(a) | 36:378. | Sept. 21, 1950, ch. 975, title I, §§ 107, 108, as added Nov. 8, 1978, Pub. L. 95–606, § 1(b), 92 Stat. 3048. |
220507(b) | 36:377. |
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In subsection (a), the words “may not” are substituted for “shall have no power to” for consistency in the revised title. The words “capital”, “pecuniary”, and “or gain” are omitted as unnecessary.
In subsection (b), the words “as an organization” are omitted as unnecessary.