Current through the 2024 Budget Session
Section 17-30-202 - Enforcement of charitable purposes(a) If the articles of formation or the operating agreement of a statutory foundation formed for a charitable purpose do not indicate or otherwise provide for selection of a particular charitable purpose or beneficiary, or if the designated charitable purpose cannot be completed or no longer exists, the court may select one (1) or more charitable purposes or beneficiaries. The selection shall be consistent with the intent of the founder to the extent that intent can be ascertained.(b) A founder, the board of directors or the protector of a statutory foundation formed for a charitable purpose may commence a civil action to enforce the charitable purpose of the statutory foundation.Amended by Laws 2021 , ch. 98, § 1, eff. 4/5/2021.Added by Laws 2019 , ch. 190, § 1, eff. 7/1/2019.