Idaho Code 48-1903 – Definitions
Current as of: 2023 | Check for updates
|
Other versions
As used in this chapter:
(1) "Accountable person" means a director, officer, executive, manager, trustee, agent, or employee of a charitable organization.
Terms Used In Idaho Code 48-1903
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Attorney general: means the attorney general of the state of Idaho or the attorney general’s designee. See Idaho Code 48-1903
- Charitable organization: means a person who holds charitable assets regardless of the legal form. See Idaho Code 48-1903
- Charitable purpose: means the relief of poverty, the advancement of knowledge, education, or religion, or the promotion of health, the environment, civic or patriotic matters, or any other purpose, the achievement of which is beneficial to the community. See Idaho Code 48-1903
- person: includes a corporation as well as a natural person;
Idaho Code 73-114State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114 Trustee: A person or institution holding and administering property in trust.
(2) "Attorney general" means the attorney general of the state of Idaho or the attorney general’s designee.
(3) "Charitable asset" means any interest in real or personal property and any other article, commodity, or thing of value that is impressed with a charitable purpose but does not include private assets held in a split-interest trust, as described in section 4947(a)(2) of the Internal Revenue Code, as referenced in section 63-3004, Idaho Code.
(4) "Charitable organization" means a person who holds charitable assets regardless of the legal form.
(5) "Charitable purpose" means the relief of poverty, the advancement of knowledge, education, or religion, or the promotion of health, the environment, civic or patriotic matters, or any other purpose, the achievement of which is beneficial to the community.
(6) "Person" has the same meaning as that term is defined in section 15-1-201(34), Idaho Code.