36 U.S.C. § 4009
Section 4009 · Restrictions
Amended 1 time on record
No part of the income or assets of the corporation may inure to the benefit of any member, officer, or director of the corporation or be distributed to any such individual during the life of this charter. Nothing in this subsection shall be construed to prevent the payment of reasonable compensation to the officers of the corporation or reimbursement for actual necessary expenses in amounts approved by the board of directors.
The corporation may not make any loan to any officer, director, or employee of the corporation.
The corporation shall have no power to issue any shares of stock nor to declare or pay any dividends.
The corporation shall not claim congressional approval or the authorization of the Federal Government for any of its activities by virtue of this chapter.