Legalize§ 154508. Duty to maintain corporate and tax-exempt status
§ 154508. 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. 1436.)
| Historical and Revision Notes | ||
|---|---|---|
| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| 154508(a) | 36:2808(f). | Oct. 19, 1984, Pub. L. 98–520, §§ 8(f), 15 (1st sentence), 98 Stat. 2429, 2430. |
| 154508(b) | 36:2814 (1st sentence). |
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