View all text of Chapter 207 [§ 20701 - § 20712]
§ 20708. Duty to maintain 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.). If the corporation does not maintain that status, the charter granted by this chapter expires.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1289.)