Glossary entry

English term or phrase:

exempt purposes

Spanish translation:

según fines exentos

Added to glossary by Manuel Aburto
Feb 17, 2023 15:01
1 yr ago
25 viewers *
English term

exempt purposes

English to Spanish Law/Patents Law (general) Bylaws
Hola nuevamente,

Otra consulta:

This corporation shall have one class of membership. Any person shall be qualified to become a member upon payment of the initial dues, if any, fixed by the board of directors and shall continue as a member upon paying the annual dues, if any, fixed by the board of directors.

Additional provisions specifying the rights and obligations of members shall be contained in the Bylaws of this corporation, pursuant to, and in accordance with, the laws of this state.

(Term)
Upon the dissolution of the corporation, assets shall be distributed for one or more **exempt purposes** within the meaning of section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code, or shall be distributed to the federal government, or to a state or local government, for a public purpose.

Discussion

Manuel Aburto (asker) Feb 17, 2023:
My try:
- Posterior a la disolución de la sociedad, los activos serán distribuidos para uno o más efectos de exención...

Proposed translations

1 hr
Selected

según fines exentos

Entiendo que cuando se disuelva la corporación, se seguirán distribuyendo los activos con base en los fines exentos según las definiciones de la sección 501(c)(3)

Estos fines se definen aquí:

https://www.irs.gov/charities-non-profits/charitable-organiz...
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4 KudoZ points awarded for this answer.
3 hrs

efectos de exención

a uno o más de los efectos de exención previstos en ...
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