166.101. Gift for public education which cannot be executed placed in public school fund on order of circuit court. - Missouri Statutes

Gift for public education which cannot be executed placed in publicschool fund on order of circuit court.

166.101. In all cases where a grant, devise or bequest orgift has been made by any person for educational purposes, in aidof or connected with the free public school system, and from anycause cannot be executed or carried out according to its termsand conditions, the person having charge thereof or holding thesame in trust, or any person interested therein, may file apetition in the circuit court of the county where the grantor,donor or testator died, setting forth all the facts connectedtherewith, and, in the discretion of the court in which thepetition is filed, an order may be made directing that the amountof the grant, gift, devise or bequest shall be turned over to thedirector of revenue of the state as a part of the public schoolfund, according to the terms and conditions of sections 166.011to 166.121. The annual income on the proceeds of the grant,devise, gift or bequest shall be faithfully appropriated, as nearas may be, in meeting and carrying out the purposes and wishes ofthe grantor, donor, devisor or testator, according to theinstrument of writing making the grant, gift, devise or bequest.

(L. 1963 p. 200 § 7-10)

(Source: RSMo 1959 § 161.280, A.L. 1961 p. 345)