Nevada § 81.650 - Amendment of governing instrument: Procedure

§ 81.650. Amendment of governing instrument: Procedure

1. The board of directors or trustees of any private foundation which is a corporation

organized under and governed by Nevada law may, by a majority vote of its directors

or trustees, amend its governing instrument at any regular or special meeting of the

board of directors or trustees, without a vote of the stockholders or members of the

private foundation, if any, in order to avoid the penalties and liabilities described

in Sections 4941(a), 4942(a), 4943(a), 4944(a) and 4945(a) 1 or to comply with the provisions of Section 508(e). 2 2. Such an amendment must not be made until the board of directors or trustees has

notified the members or stockholders, if any, at least 30 days before the meeting

at which the governing instrument is to be amended. 3. If the private foundation is a corporation organized under and governed by Nevada

law, after any such amendment has been approved by the directors or trustees, a copy

of the amended governing instrument must be filed with the Secretary of State. 1

26 U.S.C.A. § 4941, 26 U.S.C.A. § 4942, 26 U.S.C.A. § 4943, 26 U.S.C.A. § 4944 and

26 U.S.C.A. § 4945. 2

26 U.S.C.A. § 508.