View all text of Chapter 701 [§ 70101 - § 70112]

§ 70108. 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 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.)