20 USC 80q-2 – Authority of Board of Regents to enter into agreement providing for transfer of Heye Foundation assets to Smithsonian Institution
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The Board of Regents is authorized to enter into an agreement with the Heye Foundation, to provide for the transfer to the Smithsonian Institution of title to the Heye Foundation assets. The agreement shall—
(1) require that the use of the assets be consistent with section 80q-1(b) of this title; and
(2) be governed by, and construed in accordance with, the law of the State of New York.
The United States District Court for the Southern District of New York shall have original and exclusive jurisdiction over any cause of action arising under the agreement.
Terms Used In 20 USC 80q-2
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board of Regents: means the Board of Regents of the Smithsonian Institution. See 20 USC 80q-14
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- State: means a State, the District of Columbia, the Commonwealth of Puerto Rico, or any other territory or possession of the United States. See 1 USC 7