State Codes and Statutes
Statutes > Nevada > Title-30 > Chapter-349 > Revenue-bonds-for-industrial-development > 349-425349.425 “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.
(Added to NRS by 1997, 497; A 1999, 3357)
