§ 21008. 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 Texas. (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(5)(A), Nov. 3, 1998, 112 Stat. 3243.)

Historical And Revision

Historical and Revision Notes

Revised

Section

Source (U.S. Code)

Source (Statutes at Large)

21008(a)

36 App.:5908(e).

Aug. 13, 1998, Pub. L. 105–231, §§ 8(e), 14 (related to duty to maintain status), 112 Stat. 1531, 1532.

21008(b)

36 App.:5913 (related to duty to maintain status).

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