Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE34 EDUCATION |
CHAPTER396. Nevada System of Higher Education |
ACQUISITION OF REAL PROPERTY FOR FUTURE DEVELOPMENT AND EXPANSION OF UNIVERSITY OF NEVADA, RENO |
NRS396.7997. Income of nonprofit corporation.
Latest version.
- Any income of the corporation shall not inure to any member thereof or to any other private person, partnership or corporation, excluding any payment of the nonprofit corporation’s operation and maintenance expenses, any securities requirements, and any other obligations based on contract or tort.
(Added to NRS by 1968, 3)