'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.
Indiana Legal Code