U.S. Code » Title 36 » Subtitle Subtitle II— Patriotic and National Organizations › Part Part B— Organizations › Chapter CHAPTER 309— BOY SCOUTS OF AMERICA

36 U.S.C. § 30906

Restrictions

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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.(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1326.)

Historical and Revision Notes

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.