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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 309. BOY SCOUTS OF AMERICA |
§ 30906. Restrictions
Latest version.
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(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.
Historical And Revision
Historical and Revision Notes | ||
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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.