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(a) Corporate Status.—The corporation shall maintain its status as a corporation incorporated under the laws of the District of Columbia. (b) 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.). (Added Pub. L. 105–354, § 1(4)(A), Nov. 3, 1998, 112 Stat. 3241.) Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 20208(a)36 App.:5808(e).Nov. 18, 1997, Pub. L. 105–85, title XV, §§ 1508(e), 1514 (related to duty to maintain status), 111 Stat. 1965, 1966. 20208(b)36 App.:5813 (related to duty to maintain status).  In subsection (a), the words “organized and” are omitted as unnecessary.

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