Maryland Code, STATE GOVERNMENT 9-1020
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Terms Used In Maryland Code, STATE GOVERNMENT 9-1020
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- gift: includes an inter vivos gift, inter vivos endowment, bequest, devise, legacy, or testamentary endowment of any interest in real or personal property. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(a) (1) With the approval of the Governor and the State Archivist, the Commission may accept, on behalf of the State:
(i) a gift of any painting or other object of decorative art; and
(ii) a loan of any painting or other object of decorative art.
(2) The Commission shall care for any object of decorative art accepted under this section.
(b) With the approval of the Governor, the State Archivist:
(1) may accept a gift of money from any public or private source; and
(2) shall administer and use the gift of money in accordance with any conditions of the gift.