Corporate Status .—
The corporation shall maintain its status as a corporation incorporated under the laws of Texas.
Tax-Exempt Status .—
26 U.S.C. 1The corporation shall maintain its status as an organization exempt from taxation under the Internal Revenue Code of 1986 ( et seq.).
Pub. L. 105–354, § 1(5)(A)112 Stat. 3243(Added , , .)
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Historical and Revision Notes |
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Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
21008(a) | 36 App.:5908(e). | Aug. 13, 1998, Pub. L. 105–231, §§ 8(e), 14 (related to duty to maintain status), 112 Stat. 1531, 1532. |
21008(b) | 36 App.:5913 (related to duty to maintain status). |
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In subsection (a), the words “organized and” are omitted as unnecessary.