Nevada Revised Statutes 231A.0755 – ‘Impact qualified community development entity’ defined
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‘Impact qualified community development entity’ means:
Terms Used In Nevada Revised Statutes 231A.0755
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
1. A partnership, limited-liability company or corporation that has its principal business operations in this State and is engaged in lending or other investment activity;
2. A qualified community development entity that complies with NRS 221A.180; or
3. A qualified community development financial institution, as that term is defined in the Community Development Banking and Financial Institutions Act of 1994, 12 U.S.C. § 4702(5).