9-423. License; qualified applicants.
143 words·~1 min read·
/ne/chapter-9/9-423A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Any nonprofit organization holding a certificate of exemption under section 501 of the Internal Revenue Code or any volunteer fire company or volunteer first-aid, rescue, ambulance, or emergency squad may apply for a license to conduct a lottery or raffle.
(2)Prior to applying for any license, an organization shall:
(a)Be incorporated in this state as a not-for-profit corporation or organized in this state as a religious or not-for-profit organization;
(b)Have at least ten members in good standing;
(c)Conduct activities within this state in addition to the conduct of lotteries or raffles;
(d)Be authorized by its constitution, articles, charter, or bylaws to further in this state a lawful purpose; and
(e)Operate without profit to its members, and no part of the net earnings of such organization shall inure to the benefit of any private shareholder or individual.