36 U.S.C. § 40705Chapter 407
§40705. Duty to maintain tax-exempt status
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Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.
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§40705. Duty to maintain tax-exempt status
The corporation shall be operated in a manner and for purposes that qualify the corporation for exemption from taxation under section 501(a) of the Internal Revenue Code of 1986 (26 U.S.C. 501(a)) as an organization described in section 501(c)(3) of that Code (26 U.S.C. 501(c)(3)).
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 40705 | 36:5501(b)(2). | Feb. 10, 1996, Pub. L. 104–106, title XVI, §1611(b)(2), 110 Stat. 516. |
Last amended: December 31, 2024
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