New Jersey Statutes 40:54-20. Gifts of works of art; acceptance and maintenance
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Terms Used In New Jersey Statutes 40:54-20
- Bequest: Property gifted 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.
Any free public library may accept gifts and bequests of paintings, statuary, ceramics and other art objects, and may care for and maintain them in accordance with the provisions of such gift or bequest.