ORS 359.423
Board solicitation or acceptance of gifts, bequests, devises of money, securities or other property

(1)

Intentionally left blank —Ed.

(a)

The Trust for Cultural Development Board may solicit and accept gifts, bequests or devises of money, securities or other property of any kind to carry out the purposes of ORS 359.400 (Definitions for ORS 359.400 to 359.444) to 359.444 (Allowable uses of funds by core partner agencies).

(b)

Notwithstanding paragraph (a) of this subsection, a restricted gift, bequest or devise may not be accepted if the restriction is contrary to the laws of this state.

(2)

Intentionally left blank —Ed.

(a)

The board shall be the custodian of any property accepted pursuant to this section.

(b)

The board shall hold the property as trustee for the state and shall conserve and administer the property to carry out the purposes of ORS 359.400 (Definitions for ORS 359.400 to 359.444) to 359.444 (Allowable uses of funds by core partner agencies).

(c)

Except as prohibited by law or restricted by the terms of the gift, bequest or devise, the board may from time to time sell or exchange any property accepted as a gift, bequest or devise as the board determines appropriate.

(3)

Moneys, and any income from property, accepted pursuant to this section shall be paid into the State Treasury and deposited to the credit of the Trust for Cultural Development Account established by ORS 359.405 (Trust for Cultural Development Account). [2015 c.668 §2]

Source: Section 359.423 — Board solicitation or acceptance of gifts, bequests, devises of money, securities or other property, https://www.­oregonlegislature.­gov/bills_laws/ors/ors359.­html.

359.010
Definitions for ORS 359.010 to 359.142 359.020
Oregon Arts Commission 359.025
Commission duties 359.030
Objectives of Arts Program 359.040
Duties of Arts Program 359.050
Powers of Arts Program 359.065
Arts Program established 359.100
Grants and services from public and private sources 359.110
Gifts 359.120
Arts Trust Account 359.130
Powers not granted or transferred 359.135
Administrator 359.137
Staff 359.142
Rules 359.200
Definitions for ORS 359.200 to 359.255 359.205
Delivery of art work to dealer as consignment 359.210
Effect of treating art work delivery as consignment 359.215
Consignment does not create rights in consignee greater than those of consignor 359.220
Consignment contract requirements 359.225
Payment of sale proceeds of consigned work 359.230
Contract provision waiving protections for consignor is void 359.235
ORS 359.200 to 359.240 not to affect prior transactions 359.240
Secreting, withholding or appropriating art work or sale proceeds 359.250
Liability of art dealer for violation of ORS 359.220 359.255
Attorney fees 359.300
Definitions for ORS 359.300 to 359.315 359.305
Disclosure statements required 359.310
Contents of disclosure statement 359.315
Liability for failure to disclose 359.350
Definitions for ORS 359.350 to 359.365 359.355
Art work reproduction rights retained by artist unless expressly transferred 359.360
Ownership of physical work of art remains with artist unless expressly transferred 359.365
Ambiguity in agreement transferring right to reproduce art work resolved in favor of artist 359.400
Definitions for ORS 359.400 to 359.444 359.405
Trust for Cultural Development Account 359.407
Use of moneys transferred to trust for marketing and promotional costs 359.410
Board established 359.413
Board quorum 359.416
Board duties 359.421
Board staff 359.423
Board solicitation or acceptance of gifts, bequests, devises of money, securities or other property 359.426
Percentage that may be disbursed 359.431
Cultural Development Grant Program 359.436
Community Cultural Participation Grant Program 359.441
Core partner agencies disbursement 359.444
Allowable uses of funds by core partner agencies
Green check means up to date. Up to date

Current through early 2024

§ 359.423’s source at oregon​.gov