§ 36.01.170. Administration of trusts benefiting school districts
Any county authorized by territorial law to administer moneys held in trust for the benefit of school districts within the county, which moneys were bequeathed for such purposes by testamentary provision, may dissolve any trust, the corpus of which does not exceed fifty thousand dollars, and distribute any moneys remaining in the trust to school districts within the county. Before dissolving the trust, the county must adopt a resolution finding that conditions have changed and it is no longer feasible for the county to administer the trust.
[1998 c 65 § 1.]
Sections: Previous 36.01.110 36.01.115 36.01.120 36.01.125 36.01.130 36.01.150 36.01.160 36.01.170 36.01.180 36.01.190 36.01.200 36.01.210 36.01.220 36.01.225 36.01.230 NextLast modified: April 7, 2009