Missouri Statutes
§ 172.290 — Grants not to be diverted — reasonable portion may be used for administration.
Missouri § 172.290
This text of Missouri § 172.290 (Grants not to be diverted — reasonable portion may be used for administration.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Mo. Rev. Stat. § 172.290 (2026).
Text
Notwithstanding any other provision of law to the contrary, grants made to the curators for specified purposes and uses shall not be applied, either wholly or in part, to any other uses; provided, however, that in carrying out its duties as trustee, the curators may use a reasonable portion of its endowment to support internal endowment administration and development functions. For purposes of this section, "reasonable portion" shall mean no more than two percent of the total market value of the endowment for the applicable year.
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Legislative History
(RSMo 1939 § 10809, A.L. 2009 H.B. 239)
Prior revisions: 1929 § 9652; 1919 § 11549; 1909 § 11123
Nearby Sections
15
§ 172.030
Curators, number of — how appointed.§ 172.040
Curators, term — compensation.§ 172.050
Vacancies, how filled.§ 172.060
Term of appointee to fill vacancy.§ 172.080
Oath of curators.§ 172.090
Officers of the board.§ 172.100
Board to prescribe own government.§ 172.110
Regular meetings of board.§ 172.120
Special meetings.§ 172.130
Adjourned meetings.Cite This Page — Counsel Stack
Bluebook (online)
Missouri § 172.290, Counsel Stack Legal Research, https://law.counselstack.com/statute/mo/172/172.290.