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.