Statute

36 U.S.C. § 21108

Duty to maintain corporate and tax-exempt status

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Statutory text

36 U.S.C. § 21108

(a) Corporate Status .— The corporation shall maintain its status as a corporation incorporated under the laws of each State in which it is incorporated. (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.).