Established national nonprofit industry-governed organizations
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
Established national nonprofit industry-governed organizations means organizations which:
(a) Are nonprofit organizations pursuant to sections 501(c) (3), (5) or (6) of the Internal Revenue Code (26 U.S.C. 501(c) (3), (5) and (6));
(b) Are governed by a board of directors representing the cattle or beef industry on a national basis; and
(c) Have been active and ongoing for at least two years.
[51 FR 26138, July 18, 1986, as amended at 77 FR 52599, Aug. 30, 2012]
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