NAC701B.423. “Corporation for public benefit” defined.  


Latest version.
  • “Corporation for public benefit” means a corporation that is organized for a public or charitable purpose and which upon dissolution must distribute its assets to the United States, a state, or a person which is recognized as exempt pursuant to 26 U.S.C. § 501(c)(3).

     (Added to NAC by Pub. Utilities Comm’n by R122-13, eff. 2-26-2014)