Title 164 · NRS Chapter 164
Endowment fund defined.
Citation: NRS 164.647
Section: 164.164.647
NRS
164.647
Endowment fund defined.
Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.
(Added to NRS by 2007, 112 )