Nevada § 349.425 - “Corporation for public benefit” defined
Full text of Nevada Nevada Revised Statutes § 349.425 — “Corporation for public benefit” defined, with citation guidance and answers to common questions.
§ 349.425. “Corporation for public benefit” defined
“Corporation for public benefit” means a corporation that is: 1. Recognized as exempt pursuant to section 501(c)(3) of the Internal Revenue Code of 1986 , 26 U.S.C. § 501(c)(3) , future amendments to that section and the corresponding provisions of future internal
revenue laws; or 2. Organized for a public or charitable purpose and which, upon dissolution, must
distribute its assets to the United States, a state, or a person which is recognized
as exempt pursuant to section 501(c)(3) of the Internal Revenue Code of 1986 , 26 U.S.C. § 501(c)(3) , future amendments to that section and the corresponding provisions of future internal
revenue laws.
Frequently Asked Questions About Nevada § 349.425
What does Nevada Revised Statutes § 349.425 cover?
Section 349.425 ("“Corporation for public benefit” defined") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 349.425?
A common citation format is "Nevada Revised Statutes § 349.425" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 349.425 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.