36 U.S.C. § 40305
Section 40305 · Restrictions
Amended 1 time on record
Applied in 2 court decisions — leading case Pearl v. United States (1956)
Most recently applied (February 1956)
The corporation may not engage in business for profit or issue stock.
Editorial notes U.S. Code · Office of the Law Revision Counsel
SectionSource (U.S. Code)Source (Statutes at Large) 40305 36:204. July 1, 1946, ch. 527, §4, 60 Stat. 347. This section is substituted for 36:204(a) to eliminate unnecessary words. The text of 36:204(b) is omitted as executed and obsolete.