Purpose; prohibition against formation of business trust for certain illegal purposes
(Added to NRS by 1999, 1562; A 2013, 889)
1. A business trust may be formed to carry on any lawful business or activity.
2. A person shall not form a business trust for any illegal purpose or with the fraudulent intent to conceal any business activity, or lack thereof, from another person or a governmental agency.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.