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2013 Nevada Revised Statutes
Chapter 396 - Nevada System of Higher Education
NRS 396.7997 - Income of nonprofit corporation.


NV Rev Stat § 396.7997 (2013) What's This?

Any income of the corporation shall not inure to any member thereof or to any other private person, partnership or corporation, excluding any payment of the nonprofit corporation s operation and maintenance expenses, any securities requirements, and any other obligations based on contract or tort.

(Added to NRS by 1968, 3)

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