U.S. Code > Title 36 Patriotic Societies and Observances > Subtitle II—Patriotic and National Organizations > Part B—Organizations > CHAPTER 207—AMERICAN COUNCIL OF LEARNED SOCIETIES > § 20708. Duty to maintain tax-exempt status

§ 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.