South Carolina Code 25-17-40. Board may accept loans, grants, donations and the like; acquisition of land or items by purchase, lease, or contract
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 25-17-40
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
The board may accept lands, buildings, money, relics, weapons, or any other thing of value on behalf of, or as additions to the museum either in the form of loans or grants or donations or bequests; may acquire land and items by purchase, lease, or otherwise, and may enter into contracts with any person to accomplish such purposes. Any such gifts, donations, or bequests are considered gifts to a charitable or eleemosynary organization.