36 USC 80503 – Purposes
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The purposes of the corporation are—
(1) to operate in the public interest, as a nonpartisan and nonprofit organization, solely for patriotic, charitable, literary, educational, scientific, or civic improvement purposes; and
(2) the purposes stated in its articles of incorporation that are not inconsistent with the purposes described in clause (1) of this section.
Terms Used In 36 USC 80503
- 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.