17:48A-24.Ā  Corporation as charitable and benevolent institution;Ā  tax exemption
Any corporation subject to the provisions of this act is hereby declared toĀ  be a charitable and benevolent institution, and its funds and property shall beĀ  exempt from taxation by the State or any political subdivision thereof.

L.1940, c. 74, p. 198, s. 24.
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