2013 Nevada Revised Statutes
Chapter 349 - State Obligations
NRS 349.425 - Corporation for public benefit defined.
Corporation for public benefit means a corporation that is:
1. Recognized as exempt pursuant to section 501(c)(3) of the Internal Revenue Code of 1986, 26 U.S.C. 501(c)(3), future amendments to that section and the corresponding provisions of future internal revenue laws; or
2. Organized for a public or charitable purpose and which, upon dissolution, must distribute its assets to the United States, a state, or a person which is recognized as exempt pursuant to section 501(c)(3) of the Internal Revenue Code of 1986, 26 U.S.C. 501(c)(3), future amendments to that section and the corresponding provisions of future internal revenue laws.
(Added to NRS by 1997, 497; A 1999, 3357)
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