§ 110108. Duty to maintain corporate and tax-exempt status
§ 110108.
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 New York.
(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.).