CODE OF VIRGINIA

PROPERTY GIVEN, DEVISED OR BEQUEATHED TO SCHOOL BOARD (§ 22.1-126)

When any real or personal property is given, devised or bequeathed to any school
board or for public school purposes, it shall be vested in the school board
unless inconsistent with the terms of the gift, devise or bequest and shall be
managed and applied by the school board according to the wishes of the donor or
testator. The school board shall, in addition to the regular settlement which it
is required to make of all school funds, settle annually before the commissioner
of accounts so far as the management of the property so bequeathed or devised is
concerned, and the court having jurisdiction shall have the right to compel such
a settlement, as is provided for in § 64.2-1216.In the case of any change in
the boundaries of any school division, the school board shall make provision for
continuing the fulfillment of the purposes of such donor or testator as far as
practicable and settlement shall be made as provided for above.

HISTORY: Code 1950, § 22-148; 1980, c. 559.