Virginia Statutes
§ 23.1-2503 — Power to receive gifts, grants, devises, and bequests
Virginia § 23.1-2503
JurisdictionVirginia
Title 23.1Institutions of Higher Education; Other Educational and Cultural Institutions
Subtitle IVPublic Institutions of Higher Education
Ch. 25Virginia Military Institute
This text of Virginia § 23.1-2503 (Power to receive gifts, grants, devises, and bequests) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 23.1-2503 (2026).
Text
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.
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Legislative History
1956, c. 254, § 23-100.1; 2016, c. 588; 2020, c. 1047.
Nearby Sections
15
§ 23.1-100
Definitions§ 23.1-1000
Definitions§ 23.1-1001
Financial and administrative management standards for public institutions of higher education§ 23.1-1003
Memoranda of understanding§ 23.1-1005
Approval of a management agreement§ 23.1-1006
Management agreement; contents and scope§ 23.1-1007
Management agreement; duration and oversightCite This Page — Counsel Stack
Bluebook (online)
Virginia § 23.1-2503, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/23.1/23.1-2503.