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.). If the corporation does not maintain that status, the charter granted by this chapter expires.
Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)20708 36:1914. June 1, 1982, Pub. L. 97–192, §15, 96 Stat. 111.
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