U.S. Code » Title 36 » Subtitle Subtitle II— Patriotic and National Organizations › Part Part B— Organizations › Chapter CHAPTER 701— FLEET RESERVE ASSOCIATION

36 U.S.C. § 70108

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 Pennsylvania.(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.).(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1348; Pub. L. 106–398, § 1 [[div. A], title X, § 1087(g)(4)], Oct. 30, 2000, 114 Stat. 1654, 1654A–294.)

Historical and Revision Notes

Revised

Section

Source (U.S. Code)

Source (Statutes at Large)

70108(a)

36:5608(e).

Sept. 23, 1996, Pub. L. 104–201, title XVIII, §§ 1808(e), 1814 (related to duty to maintain status), 110 Stat. 2761, 2762.

70108(b)

36:5613 (related to duty to maintain status).

 

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

Editorial NotesAmendments

2000—Subsec. (a). Pub. L. 106–398 substituted “Pennsylvania” for “Delaware”.