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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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Bulletin, Issues 53-61

Agricultural credit - 1942 - 1160 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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Codification of Internal Revenue Laws Submitted to ... by Its Staff ...

United States. Congress. Internal Revenue Taxation Joint Committee - 1933 - 262 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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Bulletin, Issues 42-52

Agricultural credit - 1935 - 1432 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 purposeSuch an association may market the products of...
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The Code of Federal Regulations of the United States of America

Administrative law - 1966 - 296 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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The Code of Federal Regulations of the United States of America

Administrative law - 1969 - 332 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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Legal Phases of Farmer Cooperatives

Lyman Spaulding Hulbert - Agricultural laws and legislation - 1958 - 396 pages
...Stat. 1 76-8 ; 26 USCA 52 1-522. 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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The Code of Federal Regulations of the United States of America

Administrative law - 1970 - 332 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 nonmemoers. Exemption...
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The Code of Federal Regulations of the United States of America

Administrative law - 1973 - 724 pages
...through the association. (3) Organisations maintaining reserve. Exemption shall not be denied any euch 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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