---
kind: "section"
citation: "36 U.S.C. § 170507"
title: "36"
title_heading: "Patriotic and National Observances, Ceremonies, and Organizations"
number: "170507"
heading: "Restrictions"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/36/170507"
units:
  - "Subtitle II — Patriotic and National Organizations"
  - "Part B — Organizations"
  - "Chapter 1705 — Polish Legion of American Veterans, U.s.a."
---

# §170507. Restrictions

- (a) **Stock and Dividends.—** The [corporation](/usc/36/220501.md?p=b-7) may not issue stock or declare or pay a dividend.
- (b) **Political Activities.—** The [corporation](/usc/36/220501.md?p=b-7) or a director or officer as such may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation.
- (c) **Distribution of Income or Assets.—** The income or assets of the [corporation](/usc/36/220501.md?p=b-7) may not inure to the benefit of, or be distributed to, a director, officer, or member during the life of the charter granted by this chapter. This subsection does not prevent the payment of reasonable compensation to an officer or reimbursement for actual necessary expenses in amounts approved by the board of directors.
- (d) **Loans.—** The [corporation](/usc/36/220501.md?p=b-7) may not make a loan to a director, officer, or employee.
- (e) **Claim of Governmental Approval or Authorization.—** The [corporation](/usc/36/220501.md?p=b-7) may not claim congressional approval or the authority of the United States Government for any of its activities.

## Source credit

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1445.)

## Notes

| Historical and Revision Notes |  |  |
| --- | --- | --- |
| Revised<br>Section | Source (U.S. Code) | Source (Statutes at Large) |
| 170507(a) | 36:2508(d). | July 23, 1984, Pub. L. 98–372, § 8, 98 Stat. 1240. |
| 170507(b) | 36:2508(c). |  |
| 170507(c) | 36:2508(a). |  |
| 170507(d) | 36:2508(b). |  |
| 170507(e) | 36:2508(e). |  |

In subsection (a), the words “any shares of” are omitted as unnecessary.

In subsection (c), the words “inure to the benefit of” are substituted for “inure to” for consistency in the revised title.