36 U.S.C. § 120107Chapter 1201
§120107. Tax-exempt status required as condition of charter
Primary source
Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.
Full Text
§120107. Tax-exempt status required as condition of charter
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.
Editorial Notes
References in Text
The Internal Revenue Code of 1986, referred to in text, is classified generally to Title 26, Internal Revenue Code.
Last amended: December 31, 2024
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