Duty to maintain corporate and tax-exempt status

  1. Law
  2. USC 36
  3. Patriotic And National Observances, Ceremonies, And Organizations
  4. Patriotic and National Organizations
  5. Organizations
  6. NATIONAL FEDERATION OF MUSIC CLUBS
  7. Duty to maintain corporate and tax-exempt status

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§151508. 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 Illinois.

(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. 1403 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
151508(a) 36:2008(f). Aug. 9, 1982, Pub. L. 97–231, §§8(f), 15 (1st sentence), 96 Stat. 257 , 258.
151508(b) 36:2014 (1st sentence).  


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