The board shall be vested with all the rights and powers conferred by the provisions of this chapter and the provisions relating to similar corporations under the laws of this Commonwealth so far as they are applicable. The corporation shall also have the power to take, hold, receive and enjoy any gift, grant, devise or bequest to Norfolk State University, the same to be held for the uses and purposes designated by the donor, if any, or if not so designated, for the general purposes of the corporation. The board may designate not less than three nor more than five of its members to constitute an executive committee which shall have and may exercise such authority of the board as the board may provide.

History

1968, c. 532; 1979, c. 146.