Application of special donations
24 Application of special donations
The board of each institution shall have power to direct the purposes and manner in which any real or personal property held in trust for, or given or left to or for, such institution shall be applied: Provided that no such direction shall be contrary to the purposes directed by the donor thereof, and until such direction shall be given Christ College Trust shall manage or invest the same and pay the income arising therefrom to the board of such institution. All gifts, bequests, devises, or settlements to or for any institution comprised in Christ College Trust, or the trustees of such institution, shall be considered to be to or for Christ College Trust for the benefit of such institution.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.