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2018 Georgia Code 20-3-33 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)

O.C.G.A. 20-3-33 Case Law from Google Scholar Amendments to OCGA 20-3-33

TITLE 20 EDUCATION

Section 3. Postsecondary Education, 20-3-1 through 20-3-660.

ARTICLE 2 BOARD OF REGENTS AND UNIVERSITY SYSTEM

20-3-33. Investment of trust funds in real estate or improvements.

It shall be lawful for the board of regents to invest any trust funds held by the board in real estate or in any improvements or buildings which the board in its discretion may see fit to make or erect thereon; provided, however, that no money belonging to any trust fund shall be used for such purpose or purposes if such use or uses would be contrary to the specific provisions of the instrument setting up the trust; and provided, further, all investments made of trust funds under this Code section shall in the judgment of the board be revenue producing investments wherever the trust funds so invested are of a trust which requires investment to produce revenue.

(Ga. L. 1937, p. 901, § 1.)

OPINIONS OF THE ATTORNEY GENERAL

Former Code 1933, § 108-417 (see now O.C.G.A. § 53-12-280) implemented Ga. L. 1937, p. 901, § 1 (see now O.C.G.A. § 20-3-33) in providing legal investments which can be made by trustees. 1971 Op. Att'y Gen. No. 71-20.

RESEARCH REFERENCES

Am. Jur. 2d.

- 15A Am. Jur. 2d, Colleges and Universities, § 41.

C.J.S.

- 14A C.J.S., Colleges and Universities, §§ 10, 11.

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