§ 802.40. Exempt formation of corporations or unincorporated entities.
40 words·~1 min read·
/us/cfr/t16/s§ 802.40·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The formation of an entity is exempt from the requirements of the Act if the entity will be not-for-profit within the meaning of sections 501(c)(1)-(4), (6)-(15), (17)-(20) or
(d)of the Internal Revenue Code. \[70 FR 11514, Mar. 8, 2005\]