Income not to inure to any person; exceptions.

Checkout our iOS App for a better way to browser and research.

Any income of the nonprofit corporation may not inure to any member thereof or to any other natural person or partnership or corporation, excluding any payment of the expenses of the corporation for its operation and maintenance and any other obligations based on contract or tort.

(Added to NRS by 1987, 667)


Download our app to see the most-to-date content.