Indiana Code 4-32.3-2-9. “Bona fide out-of-state charitable organization”
Current as of: 2023 | Check for updates
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Sec. 9. “Bona fide out-of-state charitable organization” refers to an organization that:
(2) is exempt from taxation under Section 501 of the Internal Revenue Code;
(1) operates without profit to the organization’s members;
Terms Used In Indiana Code 4-32.3-2-9
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
(3) has a constitution, articles, charter, or bylaws that contain a clause that provides that upon dissolution all remaining assets shall be used for the nonprofit’s stated purposes; and
(4) is otherwise ineligible to obtain a charity gaming license in Indiana.
As added by P.L.58-2019, SEC.4.