Massachusetts General Laws ch. 12 sec. 8K – Gift for public charitable purpose; presumed intention
Current as of: 2024 | Check for updates
|
Other versions
Section 8K. A gift made for a public charitable purpose shall be deemed to have been made with a general intention to devote the property to public charitable purposes, unless otherwise provided in a written instrument of gift.
Terms Used In Massachusetts General Laws ch. 12 sec. 8K
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.