36 U.S.C. § 21008

Duty to maintain corporate and tax-exempt status

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(a)Corporate Status.—The corporation shall maintain its status as a corporation incorporated under the laws of Texas.(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.).(Added Pub. L. 105–354, § 1(5)(A), Nov. 3, 1998, 112 Stat. 3243.)

Historical and Revision Notes

Revised

Section

Source (U.S. Code)

Source (Statutes at Large)

21008(a)

36 App.:5908(e).

Aug. 13, 1998, Pub. L. 105–231, §§ 8(e), 14 (related to duty to maintain status), 112 Stat. 1531, 1532.

21008(b)

36 App.:5913 (related to duty to maintain status).

In subsection (a), the words “organized and” are omitted as unnecessary.