---
title: O.C.G.A. § 20-3-56. Trust funds or property vested in regents on behalf of particular institution.
collection: code
id: 20-3-56
cite_as: O.C.G.A. § 20-3-56 (2025)
canonical_url: https://georgiacommons.org/code/20-3-56
md_url: https://georgiacommons.org/code/20-3-56.md
text_url: https://georgiacommons.org/code/20-3-56/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t20-ch3-18-(v17a)-2025-pdf.pdf?sfvrsn=10d12596_0#page=77
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: EDUCATION / POSTSECONDARY EDUCATION / BOARD OF REGENTS AND UNIVERSITY SYSTEM / UNIVERSITY SYSTEM
---

# O.C.G.A. § 20-3-56. Trust funds or property vested in regents on behalf of particular institution.

Any trust fund or property, real, personal, or mixed, that may have been created prior to January 1, 1932, by will or otherwise as a fund or gift or donation or devise to any board of trustees of any of the institutions in the university system, or to any executor or trustee to and for the use, benefit, or behoof of any such institution shall not lapse by virtue of any of the provisions of this article, but such trust shall remain valid and of full force and effect; and the beneficial interest under any such deed of gift or will or other conveyance shall vest in the board of regents as trustee to and for the use, benefit, and behoof of the institution intended to be benefited by such gift, devise, or other conveyance in its favor. In any case where provisions of any deed of gift, or will, or other conveyance referred to in this Code section require a trustee and no trustee shall in any contingency exist, the board shall be and become a substituted trustee to carry out the beneficial purposes of such gift, devise, or conveyance.

## History

Ga. L. 1931, p. 7, § 49; Code 1933, § 32-118.

## Cross References

Charitable trusts, § 53-12-100 et seq.