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20 U.S.C. § 75d — Acceptance of gifts; title to property

submitted 64 years ago by Pub. L. 87-443 to r/title-20-EDUCATION · 116 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Board can accept gifts of property for the National Portrait Gallery's benefit. Except for U.S. government property, legal ownership of anything held for the Gallery belongs to the Smithsonian Institution. The Board can also sell, trade, or invest that property, subject to any legal limits or the gift's own conditions.

(a) The Board may accept gifts of any kind of property, on behalf of the Smithsonian Institution, for the Gallery's benefit. (b) Legal title to all property held for the Gallery's use or benefit — except property that belongs to the United States — is held by the Smithsonian Institution. Subject to any legal limits that otherwise apply, and, for a gift, subject to any restrictions that came with it, the Board may sell, exchange, or otherwise dispose of any property it holds, and may invest, reinvest, or purchase any kind of property for the National Portrait Gallery's benefit.
the actual law source: uscode.house.gov ↗public domain
(a)

The Board is authorized to accept for the Smithsonian Institution gifts of any property for the benefit of the Gallery.

(b)

Legal title to all property (except property of the United States) held for the use or benefit of the Gallery shall be vested in the Smithsonian Institution. Subject to any limitations otherwise expressly provided by law, and, in the case of any gift, subject to any applicable restrictions under the terms of such gift, the Board is authorized to sell, exchange, or otherwise dispose of any property of whatsoever nature held by it, and to invest in, reinvest in, or purchase any property of whatsoever nature for the benefit of the National Portrait Gallery.

Source credit: (Pub. L. 87–443, § 5, Apr. 27, 1962, 76 Stat. 62.)

history & why it existsrecord from the source credit
  • 1962Enacted · Pub. L. 87-443 · 76 Stat. 62

A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-443 on 1962-04-27.

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