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36 U.S.C. § 152108 — Duty to maintain corporate and tax-exempt status
submitted 28 years ago by Pub. L. 105-225 to r/title-36-PATRIOTIC-AND-NATIONAL-OBSERVANCES-CEREMONIES-AND-ORGANIZATIONS · 48 words · no verdicts yet
in plain englishAI-generated · not legal advice
The corporation must stay incorporated under Colorado law. It must also keep its tax-exempt status under the Internal Revenue Code.
(a) Corporate Status. The corporation must keep its status as a corporation formed under Colorado law.
(b) Tax-Exempt Status. The corporation must also keep its status as an organization exempt from federal taxes under the Internal Revenue Code of 1986.
the actual law source: uscode.house.gov ↗public domain
(a)Corporate Status.—
The corporation shall maintain its status as a corporation incorporated under the laws of Colorado.
(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.).
Source credit: (Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1411.)
history & why it existsrecord from the source credit
- 1998Enacted · Pub. L. 105-225 · 112 Stat. 1411
A history note hasn’t been published yet. The record shows enactment by Pub. L. 105-225 on 1998-08-12.
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