§ 30906 - Restrictions

CHAPTER 309— BOY SCOUTS OF AMERICA

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

(b) The corporation may not issue stock or declare or pay a dividend.

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 3090636:24 (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.