Corporate Status .—
The corporation shall maintain its status as a corporation incorporated under the laws of Pennsylvania.
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. 105–225112 Stat. 1348Pub. L. 106–398, § 1 [[div. A]114 Stat. 1654(, , ; , title X, § 1087(g)(4)], , , 1654A–294.)
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Historical and Revision Notes |
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Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
70108(a) | 36:5608(e). | Sept. 23, 1996, Pub. L. 104–201, title XVIII, §§ 1808(e), 1814 (related to duty to maintain status), 110 Stat. 2761, 2762. |
70108(b) | 36:5613 (related to duty to maintain status). |
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In subsection (a), the words “organized and” and “the State of” are omitted as unnecessary.
Editorial Notes
Amendments
Pub. L. 106–3982000—Subsec. (a). substituted “Pennsylvania” for “Delaware”.