Section 4-409 - Legacy for charitable use.
§ 4-409. Legacy for charitable use.
A legacy for charitable use may not be void because of an uncertainty with respect to the donees if:
(1) The will making the legacy also contains directions for the formation of a corporation to take it; and
(2) A corporation is formed in accordance with the directions, capable and willing to receive and administer the legacy, within 12 months from the probate of the will, if the legacy is immediate and not subject to a life estate. If the legacy is subject to a life estate a corporation shall be formed at a time between probate of the will and the end of 12 months following the expiration of a life estate or life estates.
[An. Code 1957, art. 93, § 4-409; 1974, ch. 11, § 2.]