§ 700.83. Nonprofit organization.
43 words·~1 min read·
/us/cfr/t25/s§ 700.83·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The term nonprofit organization means a corporation, individual, or other public or private entity that is engaged in a lawful business, professional, or instructional activity on a nonprofit basis and that has established its nonprofit status under applicable Federal, State, or Tribal law.