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2021 Nevada Revised Statutes
Chapter 164 - Administration of Trusts
NRS 164.647 - "Endowment fund" defined.
Universal Citation:
NV Rev Stat § 164.647 (2021)
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"Endowment fund" means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.
(Added to NRS by 2007, 112)
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