[Code of Federal Regulations]
[Title 26, Volume 7]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.501(c)(9)-1]

[Page 19]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.501(c)(9)-1  Voluntary employees' beneficiary associations, in general.

    To be described in section 501(c)(9) an organization must meet all 
of the following requirements:
    (a) The organization is an employees' association,
    (b) Membership in the association is voluntary,
    (c) The organization provides for the payment of life, sick, 
accident, or other benefits to its members or their dependents or 
designated beneficiaries, and substantially all of its operations are in 
furtherance of providing such benefits, and
    (d) No part of the net earnings of the organization inures, other 
than by payment of the benefits referred to in paragraph (c) of this 
section, to the benefit of any private shareholder or individual.

[T.D. 7750, 45 FR 1721, Jan. 7, 1981]