---
type: "LegalText"
title: "36 U.S.C. § 120107"
description: "Tax-exempt status required as condition of charter"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 36
title_name: "PATRIOTIC AND NATIONAL OBSERVANCES, CEREMONIES, AND ORGANIZATIONS"
chapter_number: "1201"
chapter_name: "KOREAN WAR VETERANS ASSOCIATION, INCORPORATED"
section: "120107"
citation: "36 U.S.C. § 120107"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc36@119-100.zip"
source_identifier: "/us/usc/t36/s120107"
source_file: "data/legal/raw/us/code/title-36/usc36.xml"
source_hash: "228345304a51cf3741c3cb77d3d0a4d424a90da9f432195d00730b6755885f99"
raw_snapshot_hash: "d8bb3c94f12bbd56e49d7a2bc029b1f4ab0bb8b69327e9ddbdf94d7adcac580d"
text_hash: "ba22943a7b4ad08c08f56f77b793ce8e6744a8c624310ffd291b93b8b89ab69d"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 36 U.S.C. § 120107 - Tax-exempt status required as condition of charter

## 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.

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

## Notes

Editorial Notes

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