36 U.S.C. § 140407 — Tax-exempt status required as condition of charter
submitted 17 years ago by Pub. L. 111-95 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 29 words · no verdicts yet
The corporation’s charter ends if it does not keep its tax-exempt status under the Internal Revenue Code of 1986.
If the corporation fails to remain an organization exempt from taxation under the Internal Revenue Code of 1986, the charter granted under this chapter ends.
If the corporation fails to maintain its status as an organization exempt from taxation under the Internal Revenue Code of 1986, the charter granted under this chapter shall terminate.
Source credit: (Added Pub. L. 111–95, § 1(a), Nov. 6, 2009, 123 Stat. 3003.)
- 2009Enacted · Pub. L. 111-95 · 123 Stat. 3003
A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-95 on 2009-11-06.
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