{"data":{"id":"us-mt/20-25-308","jurisdiction":"us-mt","citation":"20-25-308","heading":"Prohibition on transfer to foundation.","body":"In order to implement the provisions of Article VIII, section 12, of the Montana constitution, ownership of the following may not be transferred to a nonprofit corporation or foundation established for the benefit of a unit of the university system unless full market value is received for the transfer and laws applicable to the disposition of property are followed:\n(1) money in the higher education funds provided for in 17-2-102;\n(2) excess proceeds of money borrowed pursuant to 20-25-402; and\n(3) except as provided in 20-25-309, real or personal property acquired with money listed in subsection (1) or proceeds listed in subsection (2).","path":["TITLE 20. EDUCATION","CHAPTER 25. UNIVERSITY SYSTEM","Part 3. Administration of University System"],"source_url":"https://mca.legmt.gov/bills/mca/title_0200/chapter_0250/part_0030/section_0080/0200-0250-0030-0080.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:49:36Z","sha256":"c7dbb7a11c27c1b94a9a8fef756c7b64cb39cf1513798aef1a16fba3f3b5325e","source_id":"us-mt","stale":false,"prev":"us-mt/20-25-307","next":"us-mt/20-25-309"},"notice":"GroundRules: Original legal text. Not legal advice."}