Section 5608 · Restrictions

No part of the income or assets of the association may inure to the benefit of any member, officer, or director of the association or be distributed to any such individual during the life of this charter. Nothing in this subsection may be construed to prevent the payment of reasonable compensation to the officers and employees of the association or reimbursement for actual and necessary expenses in amounts approved by the board of directors.

The association may not make any loan to any member, officer, director, or employee of the association.

The association may not issue any shares of stock or declare or pay any dividends.

The association may not claim the approval of the Congress or the authorization of the Federal Government for any of its activities by virtue of this chapter.

The association shall maintain its status as a corporation organized and incorporated under the laws of the State of Delaware.

The association shall function as an educational, patriotic, civic, historical, and research organization under the laws of the State of Delaware.

In establishing the conditions of membership in the association and in determining the requirements for serving on the board of directors or as an officer of the association, the association may not discriminate on the basis of race, color, religion, sex, handicap, age, or national origin.