11 CFR 115.3 – Corporations, labor organizations, membership organizations, cooperatives, and corporations without capital stock
Current as of: 2024 | Check for updates
|
Other versions
(a) Corporations, labor organizations, membership organizations, cooperatives, and corporations without capital stock to which this part applies may expend treasury monies to establish, administer, and solicit contributions to any separate segregated fund subject to the provisions of part 114. Each specific prohibition, allowance, and duty applicable to a corporation, labor organization, or separate segregated fund under part 114 applies to a corporation, labor organization, or separate segregated fund to which this part applies.
Terms Used In 11 CFR 115.3
- 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.
(b) The question of whether a professional organization is a corporation is determined by the law of the State in which the professional organization exists.