US Codex
U.S.C.
Notes

§140407. Tax-exempt status required as condition of charter

36 U.S.C. § 140407

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.

Notes, amendments, and revision history

(Added Pub. L. 111–95, § 1(a), Nov. 6, 2009, 123 Stat. 3003.)

Editorial Notes

References in Text

The Internal Revenue Code of 1986, referred to in text, is classified generally to Title 26, Internal Revenue Code.