Section text and notes
Profit .—
The corporation may not operate for pecuniary profit to its members.
Stocks and Dividends .—
The corporation may not issue stock or declare or pay a dividend.
Pub. L. 105–225112 Stat. 1326 (, , .)
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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.