The Institute, or the board on its behalf, may receive, take, hold, and enjoy any gift, grant, devise, or bequest made to the Institute or its board for charitable or educational purposes and use and administer any such gift, grant, devise, or bequest for the uses and purposes designated by the donor or for the general purposes of the Institute if no such designation is made.
Va. Code Ann. § 23.1-2503
Power to receive gifts, grants, devises, and bequests
1956, c. 254, § 23-100.1; 2016, c. 588; 2020, c. 1047.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.