173.390 Title to money and property. - Kentucky Statutes

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173.390 Title to money and property. The title to money or property given to or for the use or benefit of a library shall be vested
in the board of trustees, to be used according to the terms of the gift. Should a library be
closed or services discontinued, it shall be the duty of the governmental unit to hold all
library property and funds received by gift in trust to be used for library purposes, unless
the terms of the gift permit use for other purposes or unless such assets are transferred to
a public library district pursuant to KRS 173.395. Effective: July 15, 1980
History: Amended 1980 Ky. Acts ch. 167, sec. 2, effective July 15, 1980. -- Created 1944 Ky. Acts ch. 160, sec. 10.