§ 152909. Duty to maintain corporate and tax-exempt status  


Latest version.
  • (a) Corporate Status.—The corporation shall maintain its status as a corporation incorporated under the laws of each State in which it is incorporated. (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. 1421.)

Historical And Revision

Historical and Revision Notes

Revised

Section

Source (U.S. Code)

Source (Statutes at Large)

152909(a)

36:2908(f).

Oct. 30, 1984, Pub. L. 98–561, §§ 8(f), 16 (1st sentence), 98 Stat. 2911, 2913.

152909(b)

36:2915 (1st sentence).