FEDERAL · 36 U.S.C. · Chapter 701
Duty to maintain corporate and tax-exempt status
Current through Pub. L. 119-102
(a)Corporate Status.—The corporation shall maintain its status as a corporation incorporated under the laws of Pennsylvania.
(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.).
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Related
§ 1
26 U.S.C. § 1
Source Credit
History
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1348; Pub. L. 106–398, §1 [[div. A], title X, §1087(g)(4)], Oct. 30, 2000, 114 Stat. 1654, 1654A–294.)
Editorial Notes
In subsection (a), the words "organized and" and "the State of" are omitted as unnecessary.
Editorial Notes
Amendments
2000—Subsec. (a). Pub. L. 106–398 substituted "Pennsylvania" for "Delaware".
Editorial Notes
Amendments
2000—Subsec. (a). Pub. L. 106–398 substituted "Pennsylvania" for "Delaware".