29.1-104 - Acceptance of gifts, etc. - Virginia Statutes

§ 29.1-104. Acceptance of gifts, etc.

In addition to the authority granted the Board by § 29.1-103, the Board mayreceive gifts, grants, bequests, and devises of property, real or personal,and of money which, if accepted, shall be taken and held for any usesprescribed by the donor, grantor, or testator and in accord with the purposesof this title. The Board shall manage such properties or money in such a wayas to maximize their value to the citizens of Virginia.

(1973, c. 191, § 29-11.2; 1987, c. 488.)