NRS 396.7998
Beneficial interest of System and Board of Regents in nonprofit corporation.

The System, or the Board of Regents, as it may determine, has the beneficial interest in the corporation while any obligations evidenced by its bonds or other securities remain outstanding. The System or the Board of Regents, as it may determine, may obligate itself to take full legal title to the property of the corporation upon the retirement of its securities.

Source: Section 396.7998 — Beneficial interest of System and Board of Regents in nonprofit corporation., https://www.­leg.­state.­nv.­us/NRS/NRS-396.­html#NRS396Sec7998.

Last Updated

Feb. 5, 2021

§ 396.7998’s source at nv​.us