385.093 - Nonprofit corporation for educational enhancement and recognition: Income not to inure to any person; exceptions. - Nevada Statutes

385.093  Nonprofit corporation for educational enhancement and recognition: Income not to inure to any person; exceptions.  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)