36 USC 21108 - Duty to maintain corporate and tax-exempt status

U.S Code last checked for updates: Nov 22, 2024

§ 21108.

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 each State in which it is incorporated.

(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. 1294.)

cite as: 36 USC 21108