Purpose; prohibition against formation of business trust for certain illegal purposes.

NRS 88A.200 Purpose; prohibition against formation of business trust for certain illegal purposes. 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. (Added to NRS by 1999, 1562; A 2013, 889)