279.42  Gifts to schools.

The board of directors of a school district which receives funds through gifts, devises, and bequests shall deposit these funds in a trust and agency fund and use them in accordance with the terms of the gift, devise, or bequest.

Section History: Early form

  [C66, 71, 73, 75, 77, 79, 81, § 279.42]

Section History: Recent form

  94 Acts, ch 1029, §19

Footnotes

  See also § 565.6

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