§ 151508. 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 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

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).