Vermont § 2697 Power of board as to grants, devises, gifts and bequests—Article VII

Vermont Statutes

§ 2697 — Power of board as to grants, devises, gifts and bequests—Article VII

Vermont § 2697

Title 16Title 16: Education

Ch. 83Chapter 083: New England Higher Education Compact

This text of Vermont § 2697 (Power of board as to grants, devises, gifts and bequests—Article VII) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 16, § 2697 (2026).

Text

The board for the purposes of this compact is hereby empowered to receive grants, devises, gifts and bequests which the board may agree to accept and administer. The board shall administer property held in accordance with special trusts, grants and bequests, and shall also administer grants and devises of land and gifts or bequests of personal property made to the board for special uses, and shall execute said trusts, investing the proceeds thereof in notes or bonds secured by sufficient mortgages or other securities.

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The board for the purposes of this compact is hereby empowered to receive grants, devises, gifts and bequests which the board may agree to accept and administer. The board shall administer property held in accordance with special trusts, grants and bequests, and shall also administer grants and devises of land and gifts or bequests of personal property made to the board for special uses, and shall execute said trusts, investing the proceeds thereof in notes or bonds secured by sufficient mortgages or other securities.