§110108. Duty to maintain corporate and tax-exempt status
36 U.S.C. § 110108
Corporate Status.— The corporation shall maintain its status as a corporation incorporated under the laws of New York.
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.).
Notes, amendments, and revision history
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1368.)
| Historical and Revision Notes | ||
|---|---|---|
| Revised Section |
Source (U.S. Code) | Source (Statutes at Large) |
| 110108(a) | 36:2701(b). | Aug. 21, 1984, Pub. L. 98–391, §§ 1(b), 15 (1st sentence), 98 Stat. 1358, 1361. |
| 110108(b) | 36:2714 (1st sentence). | |
In subsection (a), the words “retain and” and “organized and” are omitted as unnecessary.