State Codes and Statutes

Statutes > Nevada > Title-13 > Chapter-164 > Prudent-management-of-institutional-funds-uniform-act > 164-647

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.

(Added to NRS by 2007, 112)

State Codes and Statutes

Statutes > Nevada > Title-13 > Chapter-164 > Prudent-management-of-institutional-funds-uniform-act > 164-647

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.

(Added to NRS by 2007, 112)