§70-4102. Property.
51 words·~1 min read·
/ok/title-70-schools/70-4102A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All property, real or personal, of a private educational institution shall be held and used solely for the purposes of education and not for the individual benefit of itself or any contributor to the endowment thereof, unless the private educational institution is organized for profit. Laws 1965, c. 396, § 1102.