3702 - Control and supervision of trusts for public schools. - New York Statutes

§ 3702. Control and supervision of trusts for public schools. The legislature may control and regulate the execution of all such trusts; and the commissioner of education shall supervise and advise the trustees, and hold them to a regular accounting for the trust property and its income and interest at such times, in such forms, and with such authentications, as he shall, from time to time, prescribe.