Nevada Revised Statutes 268.5165 – ‘Corporation for public benefit’ defined
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‘Corporation for public benefit’ means a corporation that is recognized as exempt under section 501(c)(3) of the Internal Revenue Code of 1986 in effect on July 1, 1993, future amendments to that section and the corresponding provisions of future internal revenue laws.
Terms Used In Nevada Revised Statutes 268.5165
- 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.