North Dakota Code 1-08-03 – Validating devises, bequests, legacies, and gifts to state institutions
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All devises, bequests, legacies, and gifts made, executed, and delivered, prior to January 1, 1943, to any state educational, charitable, or penal institution, whether vested or not, and whether executed or executory, accrued or to accrue, and all provisions in any will making any such devise, bequest, legacy, or gift, are hereby declared to be legal and valid for all purposes, and subject to the provisions of this code.
Terms Used In North Dakota Code 1-08-03
- Bequest: Property gifted by will.
- 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.
- Legacy: A gift of property made by will.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49