(a) Profit.—The corporation may not operate for profit.

Terms Used In 36 USC 200104

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

(b) Use of Earnings.—Earnings generated by the corporation may be used only for the purposes provided in section 200102 of this title.

(c) Use of Property.—Property held by the corporation, and the proceeds from the property, may be used only for the purposes provided in section 200102 of this title.

(d) Parks in the District of Columbia.—The corporation may not occupy any park in the District of Columbia.

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