| United States - 1983 - Broj stranica: 1156
...shall serve for a term of one year. § 579. Distribution of income or assets to members; loans (a) No part of the net earnings of the corporation shall inure to the benefit of any member, officer, director, or private individual, nor shall any member or private individual be... | |
| United States. Congress. Senate. Interior and Insular Affairs - 1964 - Broj stranica: 320
...activities. The charter of Marian Men states : "The corporation shall not be operated for profit and no part of the net earnings of the corporation shall inure to the benefit of any member or individual, nor shall any of such net earnings and/or property of the corporation be... | |
| United States. Congress. Senate. Committee on Commerce - 1967 - Broj stranica: 2122
...corporation is created and shall be operated exclusively for public purposes and not for pecuniary profit. No part of the net earnings of the corporation shall inure to the benefit of any private individual ; and the corporation shall not engage in carrying on propaganda or otherwise... | |
| United States. Congress. Senate. Commerce - 1967 - Broj stranica: 578
...corporation is created and shall be operated exclusively for public purposes and not for pecuniary profit. No part of the net earnings of the corporation shall inure to the benefit of any private individual ; and the corporation shall not engage in carrying on propaganda or otherwise... | |
| Practising Law Institute, United States. Economic Development Administration - 1971 - Broj stranica: 302
...however, to the provisions of the Membership Corporations Law and of the Internal Revenue Code. THIRD: No part of the net earnings of the corporation shall inure to the benefit of any member, director, officer, or employee of the corporation, or to the benefit of any other private... | |
| United States. Tax Court - 1989 - Broj stranica: 1136
...Revenue Code of 1954 (or corresponding provision of any future United States Internal Revenue Law). b. No part of the net earnings of the corporation shall...the benefit of, or be distributable to its members, trustees, officers, or other private persons, except that the corporation shall be authorized and empowered... | |
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