NRS88A.200. Purpose; prohibition against formation of business trust for certain illegal purposes.  


Latest version.
  •       1.  A business trust may be formed to carry on any lawful business or activity.

          2.  A person shall not form a business trust for any illegal purpose or with the fraudulent intent to conceal any business activity, or lack thereof, from another person or a governmental agency.

      (Added to NRS by 1999, 1562; A 2013, 889)