Ohio Code 3362.04 – Board of trustees to receive and hold property or funds
Current as of: 2024 | Check for updates
|
Other versions
The board of trustees of Shawnee state university may receive and hold in trust, for the use and benefit of the university, any grant or devise of land, and any donation or bequest of money or other personal property, to be applied to the general or special uses of the university, unless otherwise directed in the donation or bequest. The board of trustees of Shawnee state university may make and enter into all contracts and agreements necessary or incidental to the acquisition of property for, or the operation of the university.
Terms Used In Ohio Code 3362.04
- Bequest: Property gifted by will.
- Devise: To gift property by will.
- Personal property: All property that is not real property.
- Property: means real and personal property. See Ohio Code 1.59
- state: means the state of Ohio. See Ohio Code 1.59