164.653 - “Institution” defined.
164.653  “Institution” defined.  “Institution” means:
1. Â A person, other than an individual, organized and operated exclusively for charitable purposes;
2. Â A government or governmental subdivision, agency or instrumentality, to the extent that it holds funds exclusively for a charitable purpose; and
3. Â A trust that had both charitable and noncharitable interests, after all noncharitable interests have terminated.
(Added to NRS by 2007, 112)