36 U.S. Code § 151508 - Duty to maintain corporate and tax-exempt status

§ 151508.
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 Illinois.
(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)

151508(a)

36:2008(f).

Aug. 9, 1982, Pub. L. 97–231, §§ 8(f), 15 (1st sentence), 96 Stat. 257, 258.

151508(b)

36:2014 (1st sentence).

 

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