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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 9. “Bona fide out-of-state charitable organization” refers to an organization that:
(1) operates without profit to the organization's members;
(2) is exempt from taxation under Section 501 of the Internal Revenue Code;
(3) has a constitution, articles, charter, or bylaws that contain a clause that provides that upon dissolution all remaining assets shall be used for the nonprofit's stated purposes; and
(4) is otherwise ineligible to obtain a charity gaming license in Indiana.
Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-32.3-2-9 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-32-3-2-9/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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