36 USC § 120107 - Tax-exempt status required as condition of charter

---
identifier: "/us/usc/t36/s120107"
source: "usc"
legal_status: "official_legal_evidence"
title: "36 USC § 120107 - Tax-exempt status required as condition of charter"
title_number: 36
title_name: "PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS"
section_number: "120107"
section_name: "Tax-exempt status required as condition of charter"
chapter_number: 1201
chapter_name: "KOREAN WAR VETERANS ASSOCIATION, INCORPORATED"
part_number: "B"
part_name: "Organizations"
positive_law: true
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Added Pub. L. 110–254, § 1(a)(2), June 30, 2008, 122 Stat. 2421.)"
---


# § 120107. Tax-exempt status required as condition of charter

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.

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**Source Credit**: (Added Pub. L. 110–254, § 1(a)(2), June 30, 2008, 122 Stat. 2421.)

## Editorial Notes

### References in Text

The Internal Revenue Code of 1986, referred to in text, is classified generally to Title 26, Internal Revenue Code.