{"identifier":"/us/usc/t36/s210106","title":36,"num":"\u00a7\u202f210106.","heading":"Restrictions","text":"\u00a7\u202f210106.\nRestrictions\n(a)\nExclusively Educational Purposes.\u2014\nThe corporation shall be operated exclusively for educational purposes.\n(b)\nStocks and Dividends.\u2014\nThe corporation may not issue stock or declare or pay a dividend.\n(c)\nDistributions of Income or Assets.\u2014\nThe income or assets of the corporation may not inure to the benefit of any member or individual.","url":"https://projectusc.org/usc/t36/s210106.html","content":[{"t":"sec","id":"/us/usc/t36/s210106","children":[{"t":"num","text":"\u00a7\u202f210106."},{"t":"heading","text":"Restrictions"},{"t":"subsec","id":"/us/usc/t36/s210106/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Exclusively Educational Purposes.\u2014"},{"t":"content","text":"The corporation shall be operated exclusively for educational purposes.","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t36/s210106/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Stocks and Dividends.\u2014"},{"t":"content","text":"The corporation may not issue stock or declare or pay a dividend.","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t36/s210106/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Distributions of Income or Assets.\u2014"},{"t":"content","text":"The income or assets of the corporation may not inure to the benefit of any member or individual.","tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}