36 USC 21008 - Duty to maintain corporate and tax-exempt status

USC most recently checked for updates: Jun 09, 2025

§ 21008.

Duty to maintain corporate and tax-exempt status

(a)

Corporate Status.—

The corporation shall maintain its status as a corporation incorporated under the laws of Texas.

(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(5)(A), Nov. 3, 1998, 112 Stat. 3243.)

cite as: 36 USC 21008