§21008. Duty to maintain corporate and tax-exempt status
36 U.S.C. § 21008
Corporate Status.— The corporation shall maintain its status as a corporation incorporated under the laws of Texas.
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
(Added Pub. L. 105–354, § 1(5)(A), Nov. 3, 1998, 112 Stat. 3243.)
| Historical and Revision Notes | ||
|---|---|---|
| Revised Section |
Source (U.S. Code) | Source (Statutes at Large) |
| 21008(a) | 36 App.:5908(e). | Aug. 13, 1998, Pub. L. 105–231, §§ 8(e), 14 (related to duty to maintain status), 112 Stat. 1531, 1532. |
| 21008(b) | 36 App.:5913 (related to duty to maintain status). | |
In subsection (a), the words “organized and” are omitted as unnecessary.