{"identifier":"/us/usc/t36/s140407","title":36,"num":"\u00a7\u202f140407.","heading":"Tax-exempt status required as condition of charter","text":"\u00a7\u202f140407.\nTax-exempt status required as condition of charter\nIf the corporation fails to maintain its status as an organization exempt from taxation under the Internal Revenue Code of 1986, the charter granted under this chapter shall terminate.","url":"https://projectusc.org/usc/t36/s140407.html","content":[{"t":"sec","id":"/us/usc/t36/s140407","children":[{"t":"num","text":"\u00a7\u202f140407."},{"t":"heading","text":"Tax-exempt status required as condition of charter"},{"t":"content","text":"\n","children":[{"t":"p","text":"If the corporation fails to maintain its status as an organization exempt from taxation under the Internal Revenue Code of 1986, the charter granted under this chapter shall terminate.","tail":"\n"}]},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}