§ 151508 - Duty to maintain corporate and tax-exempt status

CHAPTER 1515— NATIONAL FEDERATION OF MUSIC CLUBS

(a) The corporation shall maintain its status as a corporation incorporated under the laws of Illinois.

(b) 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.).

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 151508(a)36:2008(f).Aug. 9, 1982, Pub. L. 97–231, §§ 8(f), 15 (1st sentence), 96 Stat. 257, 258. 151508(b)36:2014 (1st sentence).