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.). If the corporation does not maintain that status, the charter granted by this chapter expires.

Open Table
Historical and Revision Notes
Revised

Section

Source (U.S. Code) Source (Statutes at Large)
50108 36:3714. Dec. 9, 1985, Pub. L. 99–172, §15, 99 Stat. 1022.

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