§ 20208. 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 the District of Columbia. (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.).
(Added Pub. L. 105–354, § 1(4)(A), Nov. 3, 1998, 112 Stat. 3241.)

Historical And Revision

Historical and Revision Notes

Revised

Section

Source (U.S. Code)

Source (Statutes at Large)

20208(a)

36 App.:5808(e).

Nov. 18, 1997, Pub. L. 105–85, title XV, §§ 1508(e), 1514 (related to duty to maintain status), 111 Stat. 1965, 1966.

20208(b)

36 App.:5813 (related to duty to maintain status).

In subsection (a), the words “organized and” are omitted as unnecessary.