20 U.S.C. § 75d (2024)
This is the official text of 20 U.S.C. § 75d (2024), part of Federal (US Code)’s United States Code — the codified general and permanent federal statutes of the United States, organized into more than 50 numbered titles by subject.
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Acceptance of gifts; title to property
Official statutory text
(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, §5, Apr. 27, 1962, 76 Stat. 62.)
(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, §5, Apr. 27, 1962, 76 Stat. 62.)
Status: in_force · Read it on the official government site
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