Legalize / United States / Statute

§ 21008. Duty to maintain corporate and tax-exempt status

Type Statute

Publication 2024-04-08

State In force

Department United States Congress

Source OLRC

Reform history JSON API

§ 21008. 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 Texas.

(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.).

(Added Pub. L. 105–354, § 1(5)(A), Nov. 3, 1998, 112 Stat. 3243.)

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

Historical and Revision Notes
RevisedSection	Source (U.S. Code)	Source (Statutes at Large)
21008(a)	36 App.:5908(e).	Aug. 13, 1998, Pub. L. 105–231, §§ 8(e), 14 (related to duty to maintain status), 112 Stat. 1531, 1532.
21008(b)	36 App.:5913 (related to duty to maintain status).

This document does not substitute reading the official United States Code published by the Office of the Law Revision Counsel. We assume no responsibility for any inaccuracies resulting from the conversion to this format.