Internal Revenue Code · 26 U.S.C.
§ 526. Shipowners’ protection and indemnity associations
Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).
Cite as 26 U.S.C. § 526
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Length
- 67 words · about 1 min to read
- Cross-references
- cites 0; cited by 0 Code sections and 2 other regulations
There shall not be included in gross income the receipts of shipowners’ mutual protection and indemnity associations not organized for profit, and no part of the net earnings of which inures to the benefit of any private shareholder; but such corporations shall be subject as other persons to the tax on their taxable income from interest, dividends, and rents.
(Aug. 16, 1954, ch. 736, 68A Stat. 178.)
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.