396.7994 - Status of nonprofit corporation on formation.

396.7994  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 1968, 3; A 1969, 1448; 1993, 357)