§ 21905 - Restrictions

CHAPTER 219— THE AMERICAN NATIONAL THEATER AND ACADEMY

(a) The corporation shall be nonprofit and may not issue stock.

(b) The corporation shall be nonpolitical and nonsectarian, and may not promote the candidacy of an individual seeking public office.

(c) The corporation may not have honorary members.

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 21905(a)36:3302 (1st sentence).July 5, 1935, ch. 373, §§ 2 (1st sentence), 4, 49 Stat. 458. 21905(b)36:3304 (1st sentence). 21905(c)36:3304 (last sentence).

In subsection (a), the word “capital” is omitted for consistency in the revised title.

In subsection (b), the words “as an organization” are omitted as unnecessary.