36 U.S.C. § 40705

Current through P.L. 118-64 (published on www.congress.gov on 05/24/2024), except for [P. L. 118-63]
Section 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) ).

36 U.S.C. § 40705

Pub. L. 105-225, 112 Stat. 1336.

HISTORICAL AND REVISION NOTES
Revised SectionSource (U.S. Code)Source (Statutes at Large)
4070536:5501(b)(2).Feb. 10, 1996, Pub. L. 104-106, title XVI, §1611(b)(2), 110 Stat. 516.