Nev. Rev. Stat. § 422A.489

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 422A.489 - "Fiduciary organization" defined

"Fiduciary organization" means an organization that is selected pursuant to NRS 422A.496 to administer state money directed to individual development accounts and is a nonprofit organization which:

1. Conducts fundraising activities; and

2. Is exempt from taxation pursuant to section 501(c)(3) of the Internal Revenue Code, 26 U.S.C. § 501(c)(3).

NRS 422A.489

Added to NRS by 2021, 1550

Added by 2021, Ch. 286,§17, eff. 1/1/2022.