390.51 Board of regents; holding property in trust. Sec. 1. That it shall be competent for the regents of the university to take, by gift, devise or bequest, and hold in perpetuity any land or other property in trust for any purpose not inconsistent with the objects and purposes of the university. History: 1895, Act 36, Eff. Aug. 30, 1895 ;-- CL 1897, 1809 ;-- CL 1915, 1186 ;-- CL 1929, 7795 ;-- CL 1948, 390.51
Michigan Legal Code