36 U.S.C. § 151508Chapter 1515

§151508. Duty to maintain corporate and tax-exempt status

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Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.

Full Text

§151508. 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 Illinois.

(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.).

Historical and Revision Notes
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
151508(a)	36:2008(f).	Aug. 9, 1982, Pub. L. 97–231, §§8(f), 15 (1st sentence), 96 Stat. 257, 258.
151508(b)	36:2014 (1st sentence).

Last amended: December 31, 2024

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