Nevada § 396.405 - Meetings; records; exemption from certain taxes; governing body; nondisclosure of contributors
Full text of Nevada Nevada Revised Statutes § 396.405 — Meetings; records; exemption from certain taxes; governing body; nondisclosure of contributors, with citation guidance and answers to common questions.
§ 396.405. Meetings; records; exemption from certain taxes; governing body; nondisclosure of contributors
1. A university foundation: (a) Shall comply with the provisions of chapter 241 of NRS ; (b) Except as otherwise provided in subsection 2, shall make its records public and
open to inspection pursuant to NRS 239.010 ; (c) Is exempt from the taxes imposed by NRS 375.020 , 375.023 and 375.026 pursuant to subsection 13 of NRS 375.090 ; and (d) May allow a president or an administrator of the university, state college or
community college which it supports to serve as a member of its governing body. 2. A university foundation is not required to disclose the name of any contributor
or potential contributor to the university foundation, the amount of his or her contribution
or any information which may reveal or lead to the discovery of his or her identity. The university foundation shall, upon request, allow a contributor to examine, during
regular business hours, any record, document or other information of the foundation
relating to that contributor. 3. As used in this section, “ university foundation ” means a nonprofit corporation, association or institution or a charitable organization
that is: (a) Organized and operated primarily for the purpose of fundraising in support of
a university, state college or a community college; (b) Formed pursuant to the laws of this State; and (c) Exempt from taxation pursuant to 26 U.S.C. § 501(c)(3) .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 396.405
What does Nevada Revised Statutes § 396.405 cover?
Section 396.405 ("Meetings; records; exemption from certain taxes; governing body; nondisclosure of contributors") 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 § 396.405?
A common citation format is "Nevada Revised Statutes § 396.405" (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 § 396.405 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.