[USC05] 36 USC 120107: Tax-exempt status required as condition of charter
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TEXT OF PART V OF SUBTITLE A (3001 ET SEQ.), EFFECTIVE JANUARY 1, 2022, CURRENTLY SET OUT AS A PREVIEW

36 USC 120107: Tax-exempt status required as condition of charter Text contains those laws in effect on July 22, 2021
From Title 36-PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONSSubtitle II-Patriotic and National OrganizationsPart B-OrganizationsCHAPTER 1201-KOREAN WAR VETERANS ASSOCIATION, INCORPORATED

§120107. Tax-exempt status required as condition of charter

If the corporation fails to maintain its status as an organization exempt from taxation under the Internal Revenue Code of 1986, the charter granted under this chapter shall terminate.

(Added Pub. L. 110–254, §1(a)(2), June 30, 2008, 122 Stat. 2421 .)


Editorial Notes

References in Text

The Internal Revenue Code of 1986, referred to in text, is classified generally to Title 26, Internal Revenue Code.