Pub. L. 105-85, div. A, tit. XV, sec. 1514

TAX-EXEMPT STATUS REQUIRED AS CONDITION OF CHARTER.

EnactedYear: 1997Length: 40 wordsOfficial source
SEC. 1514. TAX-EXEMPT STATUS REQUIRED AS CONDITION OF CHARTER. If the association fails to maintain its status as an organization exempt from taxation as provided in the Internal Revenue Code of 1986 the charter granted in this title shall terminate.
Pub. L. 105-85, div. A, tit. XV, sec. 1514: TAX-EXEMPT STATUS REQUIRED AS CONDITION OF CHARTER. | Justis AI