164.653 - “Institution” defined.
164.653 “Institution” defined. “Institution” means:
1. A person, other than an individual, organized and operated exclusively for charitable purposes;
2. A government or governmental subdivision, agency or instrumentality, to the extent that it holds funds exclusively for a charitable purpose; and
3. A trust that had both charitable and noncharitable interests, after all noncharitable interests have terminated.
(Added to NRS by 2007, 112)