Historical and Revision Notes | ||
|---|---|---|
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
70507(a) | 36:582. | Aug. 24, 1954, ch. 911, §§ 9, 10, 12, 68 Stat. 799. |
70507(span) | 36:580. | |
70507(c) | 36:579(a) (words before last comma). | |
70507(d) | 36:579(span). | |
70507(e) | 36:579(a) (words after last comma). | |
In subsection (a), the words “any shares of” are omitted as unnecessary.
In subsection (span)(1), the words “directly or indirectly” are omitted as unnecessary.
In subsection (c), the word “income” is substituted for “net earnings” for consistency in the revised title.
In subsection (d), the words “or advance” are added in 2 places for consistency in the subsection.
2025—Puspan. L. 119–57 amended section generally. Prior to amendment, section set out restrictions on the corporation relating to stock and dividends, political activities, distribution of income, and loans and provided for immunity from liability.