Find Laws Find Lawyers Free Legal Forms USA State Laws

U.S. Code

§ 210106. Restrictions

(a) Exclusively Educational Purposes.— The corporation shall be operated exclusively for educational purposes.
(b) Stocks and Dividends.— The corporation may not issue stock or declare or pay a dividend.
(c) Distributions of Income or Assets.— The income or assets of the corporation may not inure to the benefit of any member or individual.
Tips