59-1802. Terms, defined.
102 words·~1 min read·
/ne/chapter-59/59-1802A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For purposes of the Charitable Gift Annuity Act:
(1)Charitable gift annuity means a charitable gift annuity described by section 501(m)(5) and section 514(c)(5) of the Internal Revenue Code that is issued prior to, on, or after March 26, 1996, by a charitable organization that, on the date of the annuity agreement, has been in continuous operation for at least three years or is the successor or affiliate of a charitable organization that has been in continuous operation for at least three years; and
(2)Charitable organization means any entity described in section 170(c) or section 501(c)(3) of the Internal Revenue Code.