Regards action for institutional violation of endowment agreement
Refer to Committee
Legislative status
- Introduced
- In Committee
- Reported by Committee
- Floor Vote Scheduled
- Passed One Chamber
- Passed Both Chambers
- Sent to Executive
- Signed into Law
Summary
The bill lets a benefactor or their designated representative file a court complaint when a college, university, or other charitable institution violates the terms of an endowment agreement. It defines who can sue, what they can ask the court to do, and sets notice, filing and limitation rules. The attorney general can also intervene to protect the public interest.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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History
- Referred to committee
- Introduced
Sponsors
- Adam Mathews · sponsor
- Kevin Ritter
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