Duty to maintain tax-exempt status

Checkout our iOS App for a better way to browser and research.

§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
Revised

Section

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


Download our app to see the most-to-date content.