20 USC § 4419 - Nonprofit and nonpolitical nature of Institute

---
identifier: "/us/usc/t20/s4419"
source: "usc"
legal_status: "official_prima_facie"
title: "20 USC § 4419 - Nonprofit and nonpolitical nature of Institute"
title_number: 20
title_name: "EDUCATION"
section_number: "4419"
section_name: "Nonprofit and nonpolitical nature of Institute"
chapter_number: 56
chapter_name: "AMERICAN INDIAN, ALASKA NATIVE, AND NATIVE HAWAIIAN CULTURE AND ART DEVELOPMENT"
subchapter_number: "I"
subchapter_name: "AMERICAN INDIANS AND ALASKA NATIVES"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 99–498, title XV, § 1512, Oct. 17, 1986, 100 Stat. 1607.)"
---


# § 4419. Nonprofit and nonpolitical nature of Institute

**(a)** **Stock** The Institute shall have no power to issue any shares of stock or to declare or pay any dividends.

**(b)** **Nonprofit nature** No part of the income or assets of the Institute shall inure to the benefit of any director, officer, employee, or any other individual except as salary or reasonable compensation for services.

**(c)** **Nonpolitical nature** The Institute may not contribute to, or otherwise support, any political party or candidate for elective public office.

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**Source Credit**: (Pub. L. 99–498, title XV, § 1512, Oct. 17, 1986, 100 Stat. 1607.)