36 U.S. Code § 70108 - Duty to maintain corporate and tax-exempt status

prev | next
(a) Corporate Status.— The corporation shall maintain its status as a corporation incorporated under the laws of Pennsylvania.
(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.).


(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1348; Pub. L. 106–398, § 1 [[div. A], title X, § 1087(g)(4)], Oct. 30, 2000, 114 Stat. 1654, 1654A–294.)

Historical and Revision Notes
Revised Section Source (U.S. Code) Source (Statutes at Large)
Sept. 23, 1996, Pub. L. 104–201, title XVIII, §§ 1808(e), 1814 (related to duty to maintain status), 110 Stat. 2761, 2762.
36:5613 (related to duty to maintain status).

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

2000—Subsec. (a). Pub. L. 106–398substituted “Pennsylvania” for “Delaware”.


LII has no control over and does not endorse any external Internet site that contains links to or references LII.