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2022 Nevada Revised Statutes
Chapter 422A - Welfare and Supportive Services
NRS 422A.489 - "Fiduciary organization" defined. [Effective January 1, 2022.]
Universal Citation: NV Rev Stat § 422A.489 (2022)
"Fiduciary organization" means an organization that is selected pursuant to NRS 422A.496 to administer state money directed to individual development accounts and is a nonprofit organization which:
1. Conducts fundraising activities; and
2. Is exempt from taxation pursuant to section 501(c)(3) of the Internal Revenue Code, 26 U.S.C. § 501(c)(3).
(Added to NRS by 2021, 1550, effective January 1, 2022)
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