36 U.S. Code § 110108. Duty to maintain corporate and tax-exempt status

(a) Corporate Status.—
The corporation shall maintain its status as a corporation incorporated under the laws of New York.
(b) Tax-Exempt Status.—
The corporation shall maintain its status as an organization exempt from taxation under the Internal Revenue Code of 1986 (26 U.S.C. 1 et seq.).

Historical and Revision Notes

Revised

Section

Source (U.S. Code)

Source (Statutes at Large)

110108(a)

36:2701(b).

Aug. 21, 1984, Pub. L. 98–391, §§ 1(b), 15 (1st sentence), 98 Stat. 1358, 1361.

110108(b)

36:2714 (1st sentence).

In subsection (a), the words “retain and” and “organized and” are omitted as unnecessary.