Nevada § 396.7997 - Income of nonprofit corporation
Full text of Nevada Nevada Revised Statutes § 396.7997 — Income of nonprofit corporation, with citation guidance and answers to common questions.
§ 396.7997. Income of nonprofit corporation
Any income of the corporation shall not inure to any member thereof or to any other
private person, partnership or corporation, excluding any payment of the nonprofit
corporation's operation and maintenance expenses, any securities requirements, and
any other obligations based on contract or tort.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 396.7997
What does Nevada Revised Statutes § 396.7997 cover?
Section 396.7997 ("Income of nonprofit corporation") 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 § 396.7997?
A common citation format is "Nevada Revised Statutes § 396.7997" (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 § 396.7997 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.