Nevada Revised Statutes 81.610 – ‘Private foundation’ defined
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‘Private foundation’ is any nonprofit corporation, association, foundation, or other charitable entity formed pursuant to the laws of the State of Nevada which is a ‘private foundation’ as defined in Section 509(a).
Terms Used In Nevada Revised Statutes 81.610
- 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.