§ 2104. Acquisition and disposal of property; exemption of property from taxation.
211 words·~1 min read·
/de/title-31/chapter-21-division-for-the-visually-impaired/2104·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The Division may do all of the following:
(1)Solicit, purchase, or otherwise acquire, hold, own, mortgage, sell, or assign real or personal property.
(2)Solicit, accept, or receive a private fund, bequest, legacy, or gift of property real or personal to be used for the education and training of persons with blindness or persons with visual impairment.
(3)In accordance with the directions of a party who devises or donates property under this section, the Division may do all of the following:
a. Hold, manage, or invest the property or collect and disburse the income or principal of the property.
b. Hold, own, sell, or dispose of the property and reinvest the proceeds from the sale of the property or collect or disburse the income and principal from the property.
(b)If a party who devises or donates property under this section does not leave direction for the Division to follow under paragraph (a)(3) of this section, the Division shall accept, hold, manage, or dispose of the property or disburse the income of the property in a manner in which the Division deems best to promote the training of a person with blindness or a person with visual impairment.
(c)The property of the Division is exempt from taxation.