Kentucky Statutes 97.750 – Gifts to the memorial commission
Current as of: 2024 | Check for updates
|
Other versions
The commission may accept gifts of property of any description, for any of the purposes of the commission, if the gift is accompanied by a suitable instrument, executed by the donor, setting forth the purposes for which the gift is made. The gift or the proceeds thereof when reduced to money shall be used by the commission only for the purpose for which given. The commission may exchange or sell, for the purposes set out in KRS
97.630 to 97.780, any of the property given to it for such purposes.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. secs. 3037i-16, 3037i-23.
97.630 to 97.780, any of the property given to it for such purposes.
Terms Used In Kentucky Statutes 97.750
- Donor: The person who makes a gift.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. secs. 3037i-16, 3037i-23.