688A.284 - Qualified charitable-gift annuity: Required notice to Commissioner; contents of notice; further information. - Nevada Statutes

688A.284  Qualified charitable-gift annuity: Required notice to Commissioner; contents of notice; further information.

      1.  A charitable organization that issues qualified charitable-gift annuities shall notify the Commissioner in writing on or before December 30, 1999, or the expiration of 90 days after it first enters into an agreement to issue a qualified charitable-gift annuity, whichever is later. The notice must:

      (a) Be signed by an officer or director of the organization;

      (b) Identify the organization; and

      (c) Certify that the organization is a charitable organization and that the annuities are qualified charitable-gift annuities.

      2.  Unless the Commissioner demands information to determine the amount of a penalty pursuant to NRS 688A.285, the organization need submit no other information.

      (Added to NRS by 1999, 1951)