256.88 - TRUSTS. - Iowa Statutes

256.88 TRUSTS. Notwithstanding section 633.63, the board may accept and administer trusts and may authorize nonprofit foundations acting solely for the support of educational telecommunications including the broadcast and narrowcast systems to accept and administer trusts deemed by the board to be beneficial to the operation of the educational radio and television facility. The board and the foundations may act as trustees in such instances.          Section History: Recent Form 93 Acts, ch 48, §45