Citation of act; purpose

K.S.A. 58-3621, under UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT.

K.S.A. 58-3621

58-3621. Citation of act; purpose. (a) K.S.A. 58-3621 through 58-3625, and amendments thereto, shall be known and may be cited as the donor intent protection act. (b) The purpose of K.S.A. 58-3621 through 58-3625, and amendments thereto, is to provide legal recourse to an individual charitable donor when the donor's gift restrictions pursuant to an endowment agreement with a recipient charitable organization that governs an endowment fund containing only property gifted by such donor are not followed by the recipient charitable organization. History: L. 2023, ch. 45, § 1; July 1. Cross References to Related Sections: Uniform prudent management of institutional funds act, see 58-3611 et seq.