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Section 166.091 Disposition of property granted.

MO Rev Stat § 166.091 (2019) (N/A)
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Effective 28 Aug 1963

166.091. Disposition of property granted. — The director of revenue shall, as early as practicable, dispose of the property granted, given or devised, according to the terms specified in the written instrument granting or giving the same to the public school fund. If the property is money, or after the property is converted into money, it shall be deposited in the state treasury and securely invested and sacredly preserved as a part of the public school fund, as provided by the constitution of this state. The annual income from the grant, gift or devise shall be appropriated and disbursed and paid over, as near as may be, according to the terms of the writing making the grant, gift or devise, and for no other uses or purposes whatsoever.

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(L. 1963 p. 200 § 7-9)

(Source: RSMo 1959 § 161.260, A.L. 1961 p. 345)

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Section 166.081 Instrument of conveyance, when recorded.
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Section 166.101 Gift for public education which cannot be executed placed in public school fund on order of circuit court.