ARTICLE 1. Foundations and Trusts
Article 1 enacted by Stats. 1976, Ch. 1010.
§§ 21100–21119 · 20 sections
- § 21100 Any person desiring in his or her lifetime to promote the public welfare by founding, endowing, and maintaining within this state a university, college,…
- § 21101 The grantor may designate in the grant: (a) The nature, object, and purposes of the institution to be founded, endowed, and maintained. (b) The name by which…
- § 21102 The grantor may also provide for all other things necessary and proper to carry out the purposes of the grant, and especially may provide for the trades and…
- § 21103 The grantor may also provide for maintaining free scholarships for children of persons who have rendered service to or who have died in the service of the…
- § 21104 The grantor may also provide the terms and conditions upon which students in the public and private schools, and other deserving persons, may, without cost to…
- § 21105 The trustee or trustees named in the grant, and their successors, may, in the name of the institution, as designated in the grant, sue and defend, in relation…
- § 21106 The grantor, by a provision in the grant, may elect, in relation to the property conveyed, and in relation to the erection, maintenance, and management of the…
- § 21107 A grantor who is a married person may further provide that his or her surviving spouse during his or her life, may, in relation to the property conveyed, and…
- § 21108 In the cases referred to in Sections 21106 and 21107, the powers and duties conferred and imposed upon the trustee or trustees shall be exercised and performed…
- § 21109 The grantor may reserve the right to alter, amend, or modify the terms and conditions of the grant, and the trusts created, in respect to any of the matters…
- § 21110 The grantor may also reserve, during his or her life, the right of absolute dominion over the personal property conveyed, and also over the rents, issues, and…
- § 21111 A grantor who is a married person may further provide that his or her spouse, during his or her life, may have the same absolute dominion, over the personal…
- § 21112 The founder or founders, surviving founder, or spouse or surviving spouse of any founder, of a university, college, school, seminary of learning, mechanical…
- § 21113 The grantor may provide in the grant that the trustees and their successors, may, in the name of the institution, become the custodian of the person of minors.…
- § 21114 The grant shall be executed, acknowledged, and recorded in the same manner as is provided by law for the execution, acknowledgment, and recording of grants of…
- § 21115 No suit, action, or proceeding shall be commenced or maintained by any person to set aside, annul, or affect the conveyance, or to affect the title to the…
- § 21116 The property conveyed by the grant shall not, after a lapse of two years from the date of the filing for record of the grant, be subject to forced sale, under…
- § 21117 Any person making the grant may, at any time thereafter, by last will or testament, devise and bequeath to the state all or any of the property, real and…
- § 21118 No wish, direction, act, or condition expressed, made, or given by any grantor, under this article, as to religious instruction to be given in any school,…
- § 21119 The provisions of this article shall be liberally construed with a view to effect its objects and promote its purposes.