36 U.S.C. § 21108Chapter 211

§21108. 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

§21108. 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 each State in which it is incorporated.

(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)
21108(a)	36:2408(e).	June 12, 1984, Pub. L. 98–314, §§8(e), 15 (1st sentence), 98 Stat. 238, 239.
21108(b)	36:2414 (1st sentence).

In subsection (a), the words "organized and" are omitted as unnecessary. The words "each State" are substituted for "State or States" for consistency in the revised title and to eliminate unnecessary words.

Last amended: December 31, 2024

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