Section 48-1914 – CHARITABLE ASSETS RECOVERED — CY PRES — RESTITUTION RECOVERED.
48-1914. CHARITABLE ASSETS RECOVERED — CY PRES — RESTITUTION RECOVERED. (1) Any charitable assets sued for and recovered by the attorney general under this chapter shall be conveyed: (a) To the injured charitable organization to restore its misappropriated, lost, or diverted charitable assets; or (b) To any charitable organization with a similar charitable purpose as […]
Section 48-1901 – SHORT TITLE.
48-1901. SHORT TITLE. This chapter shall be known and may be cited as the "Idaho Charitable Assets Protection Act." History: [48-1901, added 2020, ch. 321, sec. 1, p. 921.]
Section 48-1902 – LEGISLATIVE FINDINGS AND INTENT.
48-1902. LEGISLATIVE FINDINGS AND INTENT. (1) The state of Idaho is home to thousands of charitable organizations that, collectively, hold billions of dollars in charitable assets. Charitable organizations have a legal duty to use their charitable assets according to the charitable purposes designated in their governing documents. The legislature is aware, however, that misuse or […]
Section 48-1903 – DEFINITIONS.
48-1903. DEFINITIONS. As used in this chapter: (1) "Accountable person" means a director, officer, executive, manager, trustee, agent, or employee of a charitable organization. (2) "Attorney general" means the attorney general of the state of Idaho or the attorney general’s designee. (3) "Charitable asset" means any interest in real or personal property and any other […]