California Education Code 18494 – If the payment into the treasury is inconsistent with the terms or …
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If the payment into the treasury is inconsistent with the terms or conditions of any gift, devise, or bequest, the board of library trustees shall provide for the safety and preservation of the fund, and the application thereof to the use of the library, in accordance with the terms and conditions of the gift, devise, or bequest.
(Enacted by Stats. 1976, Ch. 1010.)
Terms Used In California Education Code 18494
- Bequest: Property gifted by will.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- library trustees: as used in this chapter mean the regularly elected union high school trustees who reside within the library district. See California Education Code 18300