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" ... because there is accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. "
Revenue Revision 1927-28: Hearings Before the Committee on Ways and Means ... - Page 423
by United States. Congress. House. Committee on Ways and Means - 1927 - 1014 pages
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The Code of Federal Regulations of the United States of America

Administrative law - 1974 - 484 pages
...supplies and equipment through the association. (8) Organization* maintaining reserve. Exemption shall not be denied any such association because there Is accumulated and maintained by It a reserve required by State law or a reasonable reserve for any necessary purpose. (4) Transaction» with nonmembers. Exemption...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1972 - 692 pages
...supplies and equipment through the association. (3) Organizations maintaining reserve. Exemption shall not be denied any such association because there is accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. (4) Transactions with nonmembers. Exemption...
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Federal Income, Estate and Gift Tax Laws, Correlated: Being a Correlation of ...

United States, Walter Elbert Barton - Income tax - 1950 - 1126 pages
...Taxable Tears Taxable Years Taxable Tears Beginning in 1949 Beginning in 1948 Beginning in 1946 and 1947 such association because there is accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. Such an association may market the products...
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Revenue Revision of 1941: Hearings, 77th Congress, 1st Session ..., Volume 2

1951 - 1016 pages
...producers who market their products or purchase their supplies and equipment through the association ; nor shall exemption be denied any such association because there Is accumulated and maintained bv it a reserve required by State law or a reasonable reserve for any necessary purpose. Such an association...
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FCS Bulletin, Issues 1-10

Agriculture, Cooperative - 1955 - 1182 pages
...Stat. 1 76-8 ; 26 USCA 521-522. 196 (3) Organizations maintaining reserve. — Exemption shall not be denied any such association because there is accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. (4) Transactions with nonrnembers. — Exemption...
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Legal Phases of Farmer Cooperatives

Lyman Spaulding Hulbert, United States. Farmer Cooperative Service - Agricultural laws and legislation - 1958 - 388 pages
...68A Stat. 176-8; 26 USCA 521-522. 196 (3) Organizations maintaining reserve. — Exemption shall not be denied any such association because there is accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. (4) Transactions with nonmembers. — Exemption...
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Tax Revision Compendium: Compendium of Papers on Broadening the ..., Volume 3

United States. Congress. House. Committee on Ways and Means - Income tax - 1959 - 860 pages
...producers who market their products or purchase their supplies and equipment through the association ; nor shall exemption be denied any such association because...accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. Such an association may market the products...
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Tax Revision Compendium, 86-1, November 16, 1959

United States. Congress. House Ways and Means - 1959 - 866 pages
...purchase their supplies and equipment through the association ; nor shall exemption he denied any sucn association because there is accumulated and maintained by it a reserve required by State It* or a reasonable reserve for any necessary purpose. Such an association may market the products...
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Internal Revenue Code of 1954, as Amended and in Force on January 3, 1961

United States, United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1961 - 1208 pages
...and equipment through the association. (3) ORGANIZATIONS MAINTAINING RESERVE. — Exemption shall not siness income of charitable, etc., law or a reasonable reserve for any necessary purpose. (4) TRANSACTIONS WITH NONMEMBERS. — Exemption...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1961 - 566 pages
...supplies and equipment through the association. (3) Organizations maintaining reserve. Exemption shall not be denied any such association because there is accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. (4) Transactions with nonmembers. Exemption...
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