Minnesota Statutes 375.27 – Liabilities, Limitations, and Conditions of Gifts of Realty
Current as of: 2023 | Check for updates
|
Other versions
No county, by receiving a grant, gift, devise, or bequest of property pursuant to section 375.26 and holding and managing it, shall incur or be subject to any liability of any kind or nature growing out of its ownership or management, but limitations and conditions may be imposed by the deed of gift as to the use of the property and it shall be the duty of the county to comply with them.
Terms Used In Minnesota Statutes 375.27
- Bequest: Property gifted by will.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- 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.