Nevada Revised Statutes 381.0075 – Acceptance of gifts
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Any condition or restraint placed on any bequest, devise, endowment, trust allotment or other gift made to the Division must be in writing. The Administrator and the Board must accept, in writing, such a bequest, devise, endowment, trust allotment or gift before it becomes the property of the State of Nevada.
Terms Used In Nevada Revised Statutes 381.0075
- Administrator: means the Administrator of the Division. See Nevada Revised Statutes 381.001
- Bequest: Property gifted by will.
- Board: means the Board of Museums and History. See Nevada Revised Statutes 381.001
- Devise: To gift property by will.
- Division: means the Division of Museums and History of the Department. See Nevada Revised Statutes 381.001
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.