Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE7 BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES |
CHAPTER88A. Business Trusts |
FORMATION |
NRS88A.200. Purpose; prohibition against formation of business trust for certain illegal purposes.
Latest version.
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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)