9-6-203 - Division powers relating to property.
9-6-203. Division powers relating to property.
(1) The division may:
(a) take by purchase, grant, gift, devise, or bequest, any property, real or personal, for anypurpose appropriate to its objects; and
(b) convert property received by gift, grant, devise, or bequest and not suitable for itsuses, into other property so available or into money.
(2) The property received or converted under Subsection (1) shall be held, invested, andmanaged and its proceeds used by the division for the purposes and under the conditionsprescribed in the grant or donation.
(3) If by the terms of any grant, gift, devise, or bequest, conditions are imposed that areimpracticable under the law, the grant or donation does not fail but the conditions shall berejected and the intent of the grantor or donor carried out as nearly as may be.
(4) A grant, gift, devise, or bequest for the benefit of the division may not be defeated orprejudiced by any misnomer, misdescription, or informality if the intention of the grantor ordonor can be shown or ascertained with reasonable certainty.
Amended by Chapter 378, 2010 General Session