A. The board of supervisors acting as the board of directors of the county free library district may receive, on behalf of the county, any gift, bequest or devise for the county free library, or for any branch or subdivision thereof.

Terms Used In Arizona Laws 11-914

  • Bequest: Property gifted by will.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Devise: To gift property by will.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Property: includes both real and personal property. See Arizona Laws 1-215

B. The title to the property used by the county free library district shall be vested in the district except that if the property is owned by a nonprofit corporation prior to the effective date of this section, it shall remain the property of the nonprofit corporation.

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