U.S Code last checked for updates: Feb 07, 2026
Searching within: All TitlesTitle 36Subtitle IIPart BChapter 1201
§ 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.)
cite as: 36 USC 120107