36 U.S.C. § 70108

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 70108 - 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 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.).

36 U.S.C. § 70108

Pub. L. 105-225, 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 NOTES

AMENDMENTS2000-Subsec. (a). Pub. L. 106-398 substituted "Pennsylvania" for "Delaware".