Nevada Revised Statutes 450.690 – Donations
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Any person, firm, organization, corporation or society desiring to make donations of money, personal property or real property for the benefit of any district hospital may make such donations to the district. Any such donation is effective when accepted by the board of trustees according to the terms of the deed, gift, devise or bequest of such property.
Terms Used In Nevada Revised Statutes 450.690
- Bequest: Property gifted by will.
- 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.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.