§ 70108. Duty to maintain corporate and tax-exempt status

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(a)Corporate Status.— The corporation shall maintain its status as a corporation incorporated under the laws of Pennsylvania.

(b)Tax-Exempt Status.— The corporation shall maintain its status as an organization exempt from taxation under the Internal Revenue Code of 1986 (26 U.S.C. 1 et seq.).

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1348; Pub. L. 106–398, § 1 [[div. A], title X, § 1087(g)(4)], Oct. 30, 2000, 114 Stat. 1654, 1654A–294.)

In subsection (a), the words “organized and” and “the State of” are omitted as unnecessary.

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U.S. Code

Tax imposed
§ 1

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Pub. L. 105–225
112 Stat. 1348
Pub. L. 106–398, § 1 [[div. A]
114 Stat. 1654
Pub. L. 106–398

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§ 70108

Duty to maintain corporate and tax-exempt status

U.S.C.§ 1

Pub. L.Pub. L. 105–225

Stat.112 Stat. 1348

Pub. L.Pub. L. 106–398, § 1 [[div. A]

Stat.114 Stat. 1654

Pub. L.Pub. L. 106–398

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