CODE OF VIRGINIA

(EFFECTIVE OCTOBER 1, 2016) GIFTS, BEQUESTS, AND DEVISES (§ 23.1-2214)

Any person may (i) deposit in the state treasury; (ii) bequeath money, stocks,
or public bonds of any kind to be so deposited; or (iii) grant, devise, or
bequeath property, real or personal, to be sold and the proceeds to be so
deposited, in sums not less than $ 100, that shall be invested in securities
that are legal investments under the laws of the Commonwealth for public funds
for the benefit of the University, and in such case the interest or dividends
accruing on such investments shall be paid to the board and appropriated by the
board for general purposes unless some particular appropriation has been
designated by the donor or testator. The State Treasurer shall notify the board
of any such deposit in the state treasury.

HISTORY: Code 1919, § 822, § 23-81; 1956, c. 184; 2016, c. 588.