Legalize§ 22908. Duty to maintain corporate and tax-exempt status
§ 22908. 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 Ohio.
(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. 1310.)
In subsection (a), the words “retain and”, “organized and”, and “the State of” are omitted as unnecessary.
| Historical and Revision Notes | ||
|---|---|---|
| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| 22908(a) | 36:3908(f). | Nov. 6, 1986, Pub. L. 99–604, §§ 8(f), 15 (1st sentence), 100 Stat. 3447, 3448. |
| 22908(b) | 36:3914 (1st sentence). |
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