Nevada § 81.630 - Prohibited acts

§ 81.630. Prohibited acts

In the administration of any private foundation that is subject to the provisions

of the Internal Revenue Code of 1954, unless otherwise provided in the governing instrument,

the following acts are prohibited: 1. Engaging in any act of “self-dealing” (as defined in Section 4941(d)) which would

give rise to any liability for the tax imposed by Section 4941(a). 1 2. Retaining any “excess business holdings” (as defined in Section 4943(c)) which

would give rise to any liability for the tax imposed by Section 4943(a). 2 3. Making any investments which would jeopardize the carrying out of any of the exempt

purposes of the organization within the meaning of Section 4944, so as to give rise

to any liability for the tax imposed by Section 4944(a). 3 4. Making any “taxable expenditures” (as defined in Section 4945(d)) which would give

rise to any liability for the tax imposed by Section 4945(a). 4 1

26 U.S.C.A. § 4941. 2

26 U.S.C.A. § 4943. 3

26 U.S.C.A. § 4944. 4

26 U.S.C.A. § 4945.