Nevada Revised Statutes 396.802 – System and Board of Regents not obligated to acquire property from nonprofit corporation
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Neither the System nor the Board of Regents is obligated to acquire from such a nonprofit corporation any property acquired by it, except as is otherwise provided in NRS 396.807.
Terms Used In Nevada Revised Statutes 396.802
- Board of Regents: means the Board of Regents of the University of Nevada. See Nevada Revised Statutes 396.005
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- System: means the Nevada System of Higher Education. See Nevada Revised Statutes 396.005