NRS 349.425 “Corporation for public benefit” defined.
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/nv/chapter-349-state-obligations/349-425A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 349.425 “Corporation for public benefit” defined. “Corporation for public benefit” means a corporation that is:
1. Recognized as exempt pursuant to section 501(c)(3) of the Internal Revenue Code of 1986, 26 U.S.C. § 501(c)(3), future amendments to that section and the corresponding provisions of future internal revenue laws; or
2. Organized for a public or charitable purpose and which, upon dissolution, must distribute its assets to the United States, a state, or a person which is recognized as exempt pursuant to section 501(c)(3) of the Internal Revenue Code of 1986, 26 U.S.C. § 501(c)(3), future amendments to that section and the corresponding provisions of future internal revenue laws.