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NRS 385.093

Income not to inure to any person; exceptions

(Added to NRS by 1987, 667)

Any income of the nonprofit corporation may not inure to any member thereof or to any other natural person or partnership or corporation, excluding any payment of the expenses of the corporation for its operation and maintenance and any other obligations based on contract or tort.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.