(a) For the purpose of Section 214, property shall be deemed irrevocably dedicated to religious, charitable, scientific,
or hospital purposes only if a statement of irrevocable dedication to only these purposes
is found in the articles of incorporation of the corporation, or in the case of any
other fund or foundation, limited liability company, or corporation chartered by an act of Congress, in the bylaws, articles of association,
articles of organization, constitution, or regulations thereof, as determined by the State Board of Equalization.
(b) If, when performing the duties specified by Section 254.6, the board finds that an applicant for the welfare exemption is ineligible for an
organizational clearance certificate, because at the time of the filing of the claim
required by Section 254.6, the applicant's articles of incorporation, or in the case of any noncorporate fund
or foundation, its bylaws, articles of association, articles of organization, constitution or regulations, did not comply with the provisions of this section,
the board shall notify the applicant in writing. The applicant shall have until the next succeeding lien date to amend its articles
of incorporation, or in the case of any noncorporate fund or foundation, its bylaws,
articles of association, articles of organization, constitution or regulations, and to file a certified copy of these amendments that
conform to the provisions of this section with the board, and the board shall make
a finding that the applicant, if otherwise qualified, is eligible for an organizational
clearance certificate and forward that finding to the assessor.
(c) The amendments made by the act adding this subdivision shall apply with respect
to lien dates occurring on and after January 1, 2005.
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