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4-32.3-2-9. "Bona fide out-of-state charitable organization"

IN Code § 4-32.3-2-9 (2019) (N/A)
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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.

As added by P.L.58-2019, SEC.4.

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