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36 U.S.C. § 40705

Title 36 Chapter 407 Current through PL 116-220 ~1 min read Last updated: March 30, 2026 View on OLRC →
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§ 40705. Duty to maintain tax-exempt status

The corporation shall be operated in a manner and for purposes that qualify the corporation for exemption from taxation under section 501(a) of the Internal Revenue Code of 1986 ( 26 U.S.C. 501(a) ) as an organization described in section 501(c)(3) of that Code ( 26 U.S.C. 501(c)(3) ).

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