Code of Federal Regulations · Section
§ 1260.113 — Established National Nonprofit Industry-governed Organizations
7 C.F.R. § 1260.113
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Established national nonprofit industry-governed organizations means organizations which:
(a) Are nonprofit organizations pursuant to sections 501(c) (3), (5) or (6) of the Internal Revenue Code (26 U.S.C. 501(c) (3), (5) and (6));
(b) Are governed by a board of directors representing the cattle or beef industry on a national basis; and
(c) Have been active and ongoing for at least two years.
Authorizing Statute
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Commodity promotion and evaluation7 U.S.C. § 7401
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Exemption from tax on corporations, certain trusts, etc.26 U.S.C. § 501