§ 1260.113 - Established national nonprofit industry-governed organizations.

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Established national nonprofit industry-governed organizations means organizations which:

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));

Are governed by a board of directors representing the cattle or beef industry on a national basis; and

Have been active and ongoing for at least two years.