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§50108. Duty to maintain tax-exempt status

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Latest NOW As originally enacted Aug 12, 1998

36 U.S.C. § 50108

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.
Notes, amendments, and revision history

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1343.)

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.