Corporation for public benefit defined.
Nev. Rev. Stat. § 349.425
in effectCorporation for public benefit means a corporation that is:
1. Recognized as exempt pursuant to section 501(c)(3) of the Internal Revenue Code of 1986, 26 U.S.C. § 501(c)(3), future amendments to that section and the corresponding provisions of future internal revenue laws; or
2. 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 section 501(c)(3) of the Internal Revenue Code of 1986, 26 U.S.C. § 501(c)(3), future amendments to that section and the corresponding provisions of future internal revenue laws.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-349.htmlFetched: 10/4/2026