Kansas § 58-3621 Citation of act; purpose

Kansas Statutes

§ 58-3621 — Citation of act; purpose

Kansas § 58-3621

Ch. 58PERSONAL AND REAL PROPERTY

Art. 36MANAGEMENT OF INSTITUTIONAL FUNDS

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Bluebook

Kan. Stat. Ann. § 58-3621 (2026).

Text

(a)K.S.A. 2024 Supp. 58-3621 through 58-3625, and amendments thereto, shall be known and may be cited as the donor intent protection act.

(b)The purpose of K.S.A. 2024 Supp. 58-3621 through 58-3625, and amendments thereto, is to provide legal recourse to an individual charitable donor when the donor's gift restrictions pursuant to an endowment agreement with a recipient charitable organization that governs an endowment fund containing only property gifted by such donor are not followed by the recipient charitable organization.

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(a) K.S.A. 2024 Supp. 58-3621 through 58-3625, and amendments thereto, shall be known and may be cited as the donor intent protection act.
(b) The purpose of K.S.A. 2024 Supp. 58-3621 through 58-3625, and amendments thereto, is to provide legal recourse to an individual charitable donor when the donor's gift restrictions pursuant to an endowment agreement with a recipient charitable organization that governs an endowment fund containing only property gifted by such donor are not followed by the recipient charitable organization.