Tax-exempt status required as condition of charter
About This Law
/us/usc/t36/s120107
Title
36 — Patriotic and National Observances, Ceremonies, and Organizations
Chapter
STII/PTB/CH1201
Release
119-84
Release Date
2026-04-17
Section Text
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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.
(Added Pub. L. 110–254, § 1(a)(2), June 30, 2008, 122 Stat. 2421.)
Editorial Notes
References in TextThe Internal Revenue Code of 1986, referred to in text, is classified generally to Title 26, Internal Revenue Code.
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