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New Jersey Statutes, Title: 18A, EDUCATION

    Chapter 20: Title in board of education

      Section: 18A:20-11: Property devised in trust

           When any person dies and by his last will and testament gives, devises and bequeaths any real estate to any board of education, by whatever name or names the board may be designated, in trust to take and receive the rents, issues, and profits arising from the same, pay all expenses necessary to the maintenance and proper care of such premises, and the net income arising therefrom to invest in books or other school properties, or otherwise for and on behalf of the schools or any school in the district, and for the use and benefit of the pupils thereof, such real estate may be sold under the circumstances hereinafter enumerated and in the manner hereinafter prescribed.

L.1967, c.271.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 18a:20-11 (if available):



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