15E.302 - PURPOSE.
15E.302 PURPOSE.
The purpose of this division is to enhance the quality of life for
citizens of this state through increased philanthropic activity by
providing capital to new and existing citizen groups of this state
organized to establish endowment funds that will address community
needs. The purpose of this division is also to encourage
individuals, businesses, and organizations to invest in community
foundations. Section History: Recent Form
2003 Acts, 1st Ex, ch 1, §89, 93
[2003 enactment of section rescinded pursuant to Rants v.
Vilsack, 684 N.W.2d 193]
2004 Acts, 1st Ex, ch 1001, §3, 4 Footnotes
2004 reaffirmation and reenactment is effective September 7, 2004,
and is retroactively applicable to January 1, 2003, for tax years
beginning on or after that date; 2004 Acts, 1st Ex, ch 1001, §4