California Law (Last Updated: March 4, 2014) |
Education Code - EDC |
Title 1. GENERAL EDUCATION CODE PROVISIONS |
Division 1. GENERAL EDUCATION CODE PROVISIONS |
Part 12. FOUNDATIONS AND STATE COMMITTEES AND COMMISSIONS |
Chapter 1. Foundations, Trusts, and Institutions of Arts and Sciences |
ARTICLE 2. Institutions of Arts and Sciences |
Section 21146.
Latest version.
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By a provision in the gift or grant, the founder may elect, in respect to the personal and real property conveyed, and the additions and increase thereof, and in respect to the erection, maintenance, and management of any buildings auxiliary thereto, and in respect to any property connected with the institution, to reserve to himself a veto and right of annulment or modification of any act of the trustees.
(Enacted by Stats. 1976, Ch. 1010.)