Nevada Revised Statutes 393.030 – Property held by board of trustees as corporation
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All property which is now vested in or which shall hereafter be transferred to the board of trustees of a school district for the use of schools in the school district shall be held by the board of trustees as a corporation.
Terms Used In Nevada Revised Statutes 393.030
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.