36 USC § 120106 - Restrictions

---
identifier: "/us/usc/t36/s120106"
source: "usc"
legal_status: "official_legal_evidence"
title: "36 USC § 120106 - Restrictions"
title_number: 36
title_name: "PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS"
section_number: "120106"
section_name: "Restrictions"
chapter_number: 1201
chapter_name: "KOREAN WAR VETERANS ASSOCIATION, INCORPORATED"
part_number: "B"
part_name: "Organizations"
positive_law: true
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Added Pub. L. 110–254, § 1(a)(2), June 30, 2008, 122 Stat. 2420.)"
---


# § 120106. Restrictions

**(a)** **Stock and Dividends.—** The corporation may not issue stock or declare or pay a dividend.

**(b)** **Political Activities.—** The corporation, or a director or officer of the corporation as such, may not contribute to, support, or participate in any political activity or in any manner attempt to influence legislation.

**(c)** **Loan.—** The corporation may not make a loan to a director, officer, or employee of the corporation.

**(d)** **Claim of Governmental Approval or Authority.—** The corporation may not claim congressional approval, or the authority of the United States, for any activity of the corporation.

**(e)** **Corporate Status.—** The corporation shall maintain its status as a corporation incorporated under the laws of the State of New York.

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**Source Credit**: (Added Pub. L. 110–254, § 1(a)(2), June 30, 2008, 122 Stat. 2420.)