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

Revised

Section

Source (U.S. Code)

Source (Statutes at Large)

50108

36:3714.

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

 

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