Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE13 GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS |
CHAPTER164. Administration of Trusts |
PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS (UNIFORM ACT) |
NRS164.653. “Institution” defined.
Latest version.
- “Institution” means:
1. A person, other than an individual, organized and operated exclusively for charitable purposes;
2. A government or governmental subdivision, agency or instrumentality, to the extent that it holds funds exclusively for a charitable purpose; and
3. A trust that had both charitable and noncharitable interests, after all noncharitable interests have terminated.
(Added to NRS by 2007, 112)