[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

gift vs permanent loan (example of problem)



A prime example of why it is crucial for your institution (and the donor) to make a very clear and legal distinction regarding "gift" vs. "permanent loan." It *can* come back to haunt you--and can eventually bring city and state governments into the battle.

St. Mary's University (San Antonio) encountered much trouble re: the Laredo Spanish Archives with regard to the gift/permanent loan situation.
See Texas Libraries 42 (4) Winter 1980, 160-164 (article , "Laredo Archives Now Housed at St. Mary's University," by Anita Saxine and
497 S.W.2d 782; 1973 Tex. App  and 531 S.W.2d 589, 1975 Tex.


>>><<< >>><<< >>><<< >>><<< >>><<< >>><<< >>><<< >>><<<
Renée LaPerrière de Gutiérrez
Reference/Special Collections Librarian
rlaperriere@tamiu.edu
http://www.tamiu.edu/~rlaperriere/

Texas A&M International University
Killam Library #308
5201 University Blvd.
Laredo, TX  78041-1900
Phone:(956)326-2404
>>><<< >>><<< >>><<< >>><<< >>><<< >>><<< >>><<< >>><<<