36 U.S. Code § 50108 - Duty to maintain tax-exempt status

§ 50108.
Duty to maintain 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.). If the corporation does not maintain that status, the charter granted by this chapter expires.

Historical and Revision Notes



Source (U.S. Code)

Source (Statutes at Large)



Dec. 9, 1985, Pub. L. 99–172, § 15, 99 Stat. 1022.


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