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.
NRS 396.803
Status of nonprofit corporation on formation
Known as the University Securities Law
The act spans §§ 396–396 (367 sections).
(Added to NRS by 1967, 1342; A 1969, 1448; 1993, 358)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.