18A:65-33.Ā  Gifts, grants, legacies, endowments, etc.;Ā  to vest in and inureĀ  to the benefit of the corporation Every gift, grant, legacy, bequest, devise, endowment, estate, remainder, orĀ  expectancy, contained in any will, deed, declaration of trust, transfer, orĀ  other instrument, to or for or inuring to the benefit of the corporation or theĀ  university, or any constituent unit thereof, whenever established or acquired,Ā  and every chose in action, to which the corporation is or shall be entitled, inĀ  whatever name and under whatever title, made heretofore or hereafter to becomeĀ  effective or to be made, shall continue to be vested or shall vest in and shallĀ  inure to the benefit of the corporation as completely and effectually as thoughĀ  expressly made to it in its name and for its use and benefit;Ā  and none of theĀ  same shall lapse, terminate or revert by reason of the enactment of thisĀ  chapter; subject, however, to the provisions of this chapter and otherĀ  applicable laws, and to all of the rights, obligations, relations, conditions,Ā  terms, trusts, duties and liabilities to which the same are subject;Ā  and itĀ  may effectually execute and give receipts and discharges therefor and other instruments in its name or in the name in which the same may have been made orĀ  given for its use and to its benefit.
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L.1967, c.271.
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