United States Code

*If you click on a title in a table of contents, it will take you to that section.

(a) Profit.—The corporation may not operate for pecuniary profit to its members.

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

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1326.)

Historical and Revision Notes
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.