{"identifier":"/us/usc/t20/s4419","title_num":"20","num":"§ 4419.","heading":"Nonprofit and nonpolitical nature of Institute","status":null,"guid":"idd1b26d10-4aa6-11eb-afbc-da62fdf49fd5","source_credit":"(Pub. L. 99–498, title XV, § 1512, Oct. 17, 1986, 100 Stat. 1607.)","seq_in_title":1326,"parent_identifier":"/us/usc/t20/ch56/schI","ancestors":[{"identifier":"/us/usc/t20","level":"title","num":"Title 20—","heading":"EDUCATION","status":null,"is_section":false},{"identifier":"/us/usc/t20/ch56","level":"chapter","num":"CHAPTER 56—","heading":"AMERICAN INDIAN, ALASKA NATIVE, AND NATIVE HAWAIIAN CULTURE AND ART DEVELOPMENT","status":null,"is_section":false},{"identifier":"/us/usc/t20/ch56/schI","level":"subchapter","num":"SUBCHAPTER I—","heading":"AMERICAN INDIANS AND ALASKA NATIVES","status":null,"is_section":false}],"xml":"<section xmlns=\"http://xml.house.gov/schemas/uslm/1.0\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\" xmlns:dc=\"http://purl.org/dc/elements/1.1/\" xmlns:dcterms=\"http://purl.org/dc/terms/\" style=\"-uslm-lc:I80\" id=\"id6ca2fbe9-d2f2-11e9-aa7d-f436298d01bb\" identifier=\"/us/usc/t20/s4419\"><num value=\"4419\">§ 4419.</num><heading> Nonprofit and nonpolitical nature of Institute</heading><subsection style=\"-uslm-lc:I19\" class=\"indent2 firstIndent-2\" id=\"id6ca2fbea-d2f2-11e9-aa7d-f436298d01bb\" identifier=\"/us/usc/t20/s4419/a\"><num value=\"a\" class=\"bold\">(a)</num><heading class=\"bold\"> Stock</heading><content><p style=\"-uslm-lc:I11\" class=\"indent0\">The Institute shall have no power to issue any shares of stock or to declare or pay any dividends.</p>\n</content>\n</subsection>\n<subsection style=\"-uslm-lc:I19\" class=\"indent2 firstIndent-2\" id=\"id6ca2fbeb-d2f2-11e9-aa7d-f436298d01bb\" identifier=\"/us/usc/t20/s4419/b\"><num value=\"b\" class=\"bold\">(b)</num><heading class=\"bold\"> Nonprofit nature</heading><content><p style=\"-uslm-lc:I11\" class=\"indent0\">No part of the income or assets of the Institute shall inure to the benefit of any director, officer, employee, or any other individual except as salary or reasonable compensation for services.</p>\n</content>\n</subsection>\n<subsection style=\"-uslm-lc:I19\" class=\"indent2 firstIndent-2\" id=\"id6ca2fbec-d2f2-11e9-aa7d-f436298d01bb\" identifier=\"/us/usc/t20/s4419/c\"><num value=\"c\" class=\"bold\">(c)</num><heading class=\"bold\"> Nonpolitical nature</heading><content><p style=\"-uslm-lc:I11\" class=\"indent0\">The Institute may not contribute to, or otherwise support, any political party or candidate for elective public office.</p>\n</content>\n</subsection>\n<sourceCredit id=\"id6ca2fbed-d2f2-11e9-aa7d-f436298d01bb\">(<ref href=\"/us/pl/99/498/tXV/s1512\">Pub. L. 99–498, title XV, § 1512</ref>, <date date=\"1986-10-17\">Oct. 17, 1986</date>, <ref href=\"/us/stat/100/1607\">100 Stat. 1607</ref>.)</sourceCredit>\n</section>","provision":null,"duplicates":[],"release":{"label":"116-252","currency_date":"2020-12-22","congress":116,"law_num":252,"excluded_laws":[],"update_num":null,"seq":222,"is_partial":false,"caveat":null,"titles_affected":["18","20","31","34","40","42"],"ingested_titles":[]},"served_from":{"label":"116-252","currency_date":"2020-12-22","congress":116,"law_num":252,"excluded_laws":[],"update_num":null,"seq":222,"is_partial":false,"caveat":null,"titles_affected":["18","20","31","34","40","42"],"ingested_titles":[]},"content_first_seen":{"label":"116-56","currency_date":"2019-08-23","congress":116,"law_num":56,"excluded_laws":[],"update_num":null,"seq":182,"is_partial":false,"caveat":null,"titles_affected":["05","11","13","15","20","28","38","42"],"ingested_titles":[]},"is_exact":true,"note":null}