---
kind: "section"
citation: "36 U.S.C. § 30307"
title: "36"
title_heading: "Patriotic and National Observances, Ceremonies, and Organizations"
number: "30307"
heading: "Restrictions"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/36/30307"
units:
  - "Subtitle II — Patriotic and National Organizations"
  - "Part B — Organizations"
  - "Chapter 303 — Blinded Veterans Association"
---

# §30307. 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 assist a political party or candidate for elective public office.
- (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 as such during the life of the [corporation](/usc/36/220501.md?p=b-7) or on its dissolution or final liquidation. This section does not prevent the payment of—
  - (1) bona fide expenses of officers of the [corporation](/usc/36/220501.md?p=b-7) in amounts approved by the board of directors; or
  - (2) appropriate aid to blinded veterans or their widows or children in carrying out the purposes of the [corporation](/usc/36/220501.md?p=b-7).
- (d) **Loans.—** The [corporation](/usc/36/220501.md?p=b-7) may not make a loan to a director, officer, or employee. Directors and officers who vote for or assent to making a loan to a director, officer, or employee, and officers who participate in making the loan, are jointly and severally liable to the [corporation](/usc/36/220501.md?p=b-7) for the amount of the loan until it is repaid.
- (e) **Immunity From Liability.—** Members and private individuals are not liable for the obligations of the [corporation](/usc/36/220501.md?p=b-7).

## Source credit

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1318.)

## Notes

| Historical and Revision Notes |  |  |
| --- | --- | --- |
| Revised<br>Section | Source (U.S. Code) | Source (Statutes at Large) |
| 30307(a) | 36:862. | Aug. 27, 1958, Pub. L. 85–769, §§ 3(4) (words between 1st comma and semicolon), 9, 10, 12, 72 Stat. 924, 926. |
| 30307(b) | 36:860. |  |
| 30307(c) | 36:853(4) (words between 1st comma and semicolon). |  |
|  | 36:859(a) (1st sentence words before last comma, last sentence). |  |
| 30307(d) | 36:859(b). |  |
| 30307(e) | 36:859(a) (1st sentence words after last comma). |  |

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. The text of 36:853(4) (words between 1st comma and semicolon) is omitted as unnecessary.