Common use of Qualified Organization Clause in Contracts

Qualified Organization. The Grantee is qualified to hold conservation easements under Section 700.40(1)(b), Wis. Stats., and is also a qualified organization within the meaning of Section 170(h)(3) of the Internal Revenue Code, as that section may be amended from time to time, and in the regulations promulgated thereunder.

Appears in 2 contracts

Sources: Conservation Easement, Conservation Easement