396.803 - Status of nonprofit corporation on formation.
396.803 Status of nonprofit corporation on formation. Such a nonprofit corporation, upon its formation, is:
1. A corporate agency of the System and the Board of Regents;
2. A body corporate and politic; and
3. A political subdivision of this state.
(Added to NRS by 1967, 1342; A 1969, 1448; 1993, 358)