NRS 164.647 “Endowment fund” defined.
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/nv/chapter-164-administration-of-trusts/164-647·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 164.647 “Endowment fund” defined. “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.