---
kind: "section"
citation: "36 U.S.C. § 140407"
title: "36"
title_heading: "Patriotic and National Observances, Ceremonies, and Organizations"
number: "140407"
heading: "Tax-exempt status required as condition of charter"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/36/140407"
units:
  - "Subtitle II — Patriotic and National Organizations"
  - "Part B — Organizations"
  - "Chapter 1404 — Military Officers Association of America"
---

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


If the [corporation](/usc/36/220501.md?p=b-7) 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.


## Source credit

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

## Notes

### Editorial Notes

### References in Text

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