Effective 7/1/2023 (Superseded 1/1/2024)
Superseded 1/1/2024
9-8-207. Donations — Accounting.
| (1) |
The society may:
Terms Used In Utah Code 9-8-207 v2- Donor: The person who makes a gift.
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- Society: means the Utah State Historical Society created in Section 9-8-207. See Utah Code 9-8-102
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
| (a) |
solicit memberships from persons interested in the work of the society and charge dues for memberships commensurate with the advantages of membership and the needs of the society; and |
| (b) |
receive gifts, donations, bequests, devises, and endowments of money or property, which shall then become the property of the state of Utah. |
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| (2) |
| (a) |
If the donor directs that money or property donated under Subsection (1)(b) be used in a specified manner, then the society shall use the money or property in accordance with the specified directions. |
| (b) |
Except as provided in Subsection (2)(a), all donated money and the proceeds from donated property, together with the charges realized from society memberships, shall be deposited in the General Fund as restricted revenue of the society. |
| (c) |
Funds received from donations to the society under Section 41-1a-422 shall be deposited into the General Fund as a dedicated credit to achieve the mission and purpose of the society. |
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Amended by Chapter 160, 2023 General Session
