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36 U.S.C. 70108: Duty to maintain corporate and tax-exempt statusText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 36-PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONSCHAPTER 701-FLEET RESERVE ASSOCIATION
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§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.).

( 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 Notes

Amendments

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