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New Jersey Statutes, Title: 15, CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT
Chapter 19:
Section: 15:19-1: Definitions
As used in this act:
(a) "code" means the Internal Revenue Code of 1954 as amended;
(b) "private foundation trust" means a charitable trust administered by a corporation as herein defined, and which is a private foundation described in section 509(a) of the code, including each nonexempt charitable trust described in section 4947(a)(1) of the code which is treated as a private foundation;
(c) "corporation" means a corporation organized under Title 15 of the Revised Statutes or under any other law of this State applicable to corporations not for profit, to function as a private foundation trust.
L.1971, c. 337, s. 1, eff. Dec. 13, 1971.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 15:19-1 (if available):
Court decisions that cite this statute:
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