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§ 50108. Duty to maintain tax-exempt status

Type Statute
Publication 2024-04-08
State In force
Department United States Congress
Source OLRC
Reform history JSON API
§ 50108. Duty to maintain 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.). If the corporation does not maintain that status, the charter granted by this chapter expires.

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

Historical and Revision Notes
RevisedSection Source (U.S. Code) Source (Statutes at Large)
50108 36:3714. Dec. 9, 1985, Pub. L. 99–172, § 15, 99 Stat. 1022.

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