§ 210106. Restrictions
§ 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.