Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE13 GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS |
CHAPTER164. Administration of Trusts |
PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS (UNIFORM ACT) |
NRS164.647. “Endowment fund” defined.
Latest version.
- “Endowment fund” means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.
(Added to NRS by 2007, 112)