48-1914. CHARITABLE ASSETS RECOVERED — CY PRES — RESTITUTION RECOVERED. (1) Any charitable assets sued for and recovered by the attorney general under this chapter shall be conveyed:
(a) To the injured charitable organization to restore its misappropriated, lost, or diverted charitable assets; or
(b) To any charitable organization with a similar charitable purpose as that of the charitable organization from which the charitable assets were recovered, pursuant to a court-approved cy pres distribution.
(2) Any restitution sued for and recovered by the attorney general under this chapter shall be deposited and held in the state treasury until such time as the attorney general directs that payment be made to a person to reimburse for any actual damages he incurred as a direct result of a violation of this chapter.
History:
[48-1914, added 2020, ch. 321, sec. 1, p. 926.]
Structure Idaho Code
Title 48 - MONOPOLIES AND TRADE PRACTICES
Chapter 19 - IDAHO CHARITABLE ASSETS PROTECTION ACT
Section 48-1901 - SHORT TITLE.
Section 48-1902 - LEGISLATIVE FINDINGS AND INTENT.
Section 48-1903 - DEFINITIONS.
Section 48-1904 - COURTS NOT IMPAIRED — CONFLICT OF LAWS.
Section 48-1905 - PERSONS EXCLUDED.
Section 48-1906 - UNLAWFUL ACTS.
Section 48-1907 - SALE OR TRANSFER OF CHARITABLE ASSETS.
Section 48-1908 - INVESTIGATORY AUTHORITY OF ATTORNEY GENERAL.
Section 48-1909 - VOLUNTARY COMPLIANCE — CONSENT JUDGMENT — DISTRICT COURT APPROVAL.
Section 48-1910 - PROCEEDINGS BY ATTORNEY GENERAL.
Section 48-1911 - SERVICE OF NOTICE.
Section 48-1912 - VIOLATION OF INJUNCTION, CONSENT JUDGMENT, OR ORDER — CIVIL PENALTY.
Section 48-1913 - PENALTIES AND FEES RECOVERED — DISPOSITION.
Section 48-1914 - CHARITABLE ASSETS RECOVERED — CY PRES — RESTITUTION RECOVERED.