§ 20708 - Duty to maintain tax-exempt status

CHAPTER 207— AMERICAN COUNCIL OF LEARNED SOCIETIES

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.). If the corporation does not maintain that status, the charter granted by this chapter expires.

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 2070836:1914.June 1, 1982, Pub. L. 97–192, § 15, 96 Stat. 111.