9-6-203. Division powers relating to property.
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Effective 5/12/2020
9-6-203. Division powers relating to property.
(1)The division may:
(a)take by purchase, grant, gift, donation, devise, or bequest, any property, real or personal, for any purpose appropriate to the objectives of the division; and
(b)convert property received by gift, grant, donation, devise, or bequest that is not suitable for the objectives of the division, into other available property or into money.
(2)The property received or converted under Subsection
(1)shall be held, invested, and managed and the proceeds used by the division for the purposes and under the conditions prescribed in the grant or donation.
(3)If by the terms of any grant, gift, donation, devise, or bequest, conditions are imposed that are impracticable under the law, the grant or donation does not fail but the unlawful or impracticable conditions shall be rejected and the intent of the grantor or donor shall be reasonably carried out as determined by the division.
(4)A grant, gift, donation, devise, or bequest for the benefit of the division may not be defeated or prejudiced by any misnomer, misdescription, or informality if the intention of the grantor or donor can be shown or ascertained with reasonable certainty as determined by the division.
Amended by Chapter 419 , 2020 General Session