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.
Structure US Code
Title 36— PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS
Subtitle II— Patriotic and National Organizations
CHAPTER 1404— MILITARY OFFICERS ASSOCIATION OF AMERICA
§ 140407. Tax-exempt status required as condition of charter
§ 140408. Records and inspection