15:19-1 - Definitions
15:19-1.Ā Definitions As used in this act:
(a)Ā "code"Ā means the Internal Revenue Code of 1954 as amended;
(b)Ā "private foundation trust"Ā means a charitable trust administered by aĀ corporation as herein defined, and which is a private foundation described inĀ section 509(a) of the code, including each nonexempt charitable trust describedĀ in section 4947(a)(1) of the code which is treated as a private foundation;
(c)Ā "corporation"Ā means a corporation organized under Title 15 of the Revised Statutes or under any other law of this State applicable to corporations not for profit, to function as a private foundation trust.
L.1971, c. 337, s. 1, eff. Dec. 13, 1971.
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(a)Ā "code"Ā means the Internal Revenue Code of 1954 as amended;
(b)Ā "private foundation trust"Ā means a charitable trust administered by aĀ corporation as herein defined, and which is a private foundation described inĀ section 509(a) of the code, including each nonexempt charitable trust describedĀ in section 4947(a)(1) of the code which is treated as a private foundation;
(c)Ā "corporation"Ā means a corporation organized under Title 15 of the Revised Statutes or under any other law of this State applicable to corporations not for profit, to function as a private foundation trust.
L.1971, c. 337, s. 1, eff. Dec. 13, 1971.
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