§ 75d. — Acceptance of gifts; title to property.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 20USC75d]
TITLE 20--EDUCATION
CHAPTER 3--SMITHSONIAN INSTITUTION, NATIONAL MUSEUMS AND ART GALLERIES
SUBCHAPTER III--NATIONAL PORTRAIT GALLERY
Sec. 75d. Acceptance of gifts; title to property
(a) The Board is authorized to accept for the Smithsonian
Institution gifts of any property for the benefit of the Gallery.
(b) Legal title to all property (except property of the United
States) held for the use or benefit of the Gallery shall be vested in
the Smithsonian Institution. Subject to any limitations otherwise
expressly provided by law, and, in the case of any gift, subject to any
applicable restrictions under the terms of such gift, the Board is
authorized to sell, exchange, or otherwise dispose of any property of
whatsoever nature held by it, and to invest in, reinvest in, or purchase
any property of whatsoever nature for the benefit of the National
Portrait Gallery.
(Pub. L. 87-443, Sec. 5, Apr. 27, 1962, 76 Stat. 62.)
