View all text of Chapter 1515 [§ 151501 - § 151512]
§ 151508. Duty to maintain corporate and tax-exempt status
(a)Corporate Status.—The corporation shall maintain its status as a corporation incorporated under the laws of Illinois.
(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. 1403.)