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§ 4-32-3-2-9 — Indiana Law | CourtGPT
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  2. Laws/
  3. Indiana/
  4. Title 4 - State Offices and Administration/
  5. Article 32.3 - Charity Gaming/
  6. Chapter 2 - Definitions4-32.3-2-1. Definitions/
  7. § 4-32-3-2-9
Indiana Legal Code

§ 4-32-3-2-9

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'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.