Oregon Statutes
§ 359.423 — Board solicitation or acceptance of gifts, bequests, devises of money, securities or other property
Oregon § 359.423
This text of Oregon § 359.423 (Board solicitation or acceptance of gifts, bequests, devises of money, securities or other property) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Or. Rev. Stat. § 359.423 (2026).
Text
(1)(a) The Trust for Cultural Development Board may solicit and accept gifts, bequests or devises of money, securities or other property of any kind to carry out the purposes of ORS 359.400 to 359.444.
(b)Notwithstanding paragraph (a) of this subsection, a restricted gift, bequest or devise may not be accepted if the restriction is contrary to the laws of this state.
(2)(a) The board shall be the custodian of any property accepted pursuant to this section.
(b)The board shall hold the property as trustee for the state and shall conserve and administer the property to carry out the purposes of ORS 359.400 to 359.444.
(c)Except as prohibited by law or restricted by the terms of the gift, bequest or devise, the board may from time to time sell or exchange any property accepted as a gift, be
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Nearby Sections
15
§ 359.025
Commission duties§ 359.030
Objectives of Arts Program§ 359.040
Duties of Arts Program§ 359.050
Powers of Arts Program§ 359.060
§ 359.060§ 359.065
Arts Program established§ 359.070
§ 359.070§ 359.080
§ 359.080§ 359.090
§ 359.090§ 359.095
§ 359.095§ 359.110
Gifts; Arts Program as custodian§ 359.120
Arts Trust AccountCite This Page — Counsel Stack
Bluebook (online)
Oregon § 359.423, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/359.423.