Page:United States Statutes at Large Volume 68A.djvu/542

 502

INTERNAL REVENUE CODE OF 19 54

indebtedness or share of stock, and irrespective of the person or organization to whom paid, contributed, or loaned. SEC. 4243. EXEMPTION—FRATERNAL ORGANIZATIONS.

There shall be exempted from the provisions of section 4241 all amounts paid as dues or fees to a fraternal society, order, or association, operating under the lodge system, or to any local fraternal organization among the students of a college or university.

'i:^!a a-j.v; u.>;,i^i

§ 4242(b)

�