Virginia Code Title 23.1. Institutions of Higher Education;  Other Educational and Cultural Institutions § 23.1-1310. Boards of visitors;  baccalaureate public institutions of higher education;  property of predecessor institutions

All real estate and personal property standing in the name of any predecessor institution of a baccalaureate public institution of higher education shall be transferred to, known and taken as standing in the name of, and controlled by the board of visitors of such public institution of higher education.  All such real estate and personal property is the property of the Commonwealth.