Nevada Revised Statutes 88A.200 – Purpose; prohibition against formation of business trust for certain illegal purposes
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1. A business trust may be formed to carry on any lawful business or activity.
Terms Used In Nevada Revised Statutes 88A.200
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
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.