Sec. 3. The value of the property comprised in the gift shall be determined by three (3) disinterested appraisers appointed by the governor, and a gift may not be accepted by any institution named in section 1 of this chapter or by the state itself unless it is approved by the governor.
[Pre-2007 Higher Education Recodification Citation: 4-24-2-3.]
As added by P.L.2-2007, SEC.271.
Structure Indiana Code
Article 30. State Educational Institutions: Donations; Gifts, Bequests, and Devises
Chapter 2. Gift Annuities; Restrictions on Gifts; Gifts for a Permanent Endowment
21-30-2-1. Power to Accept Gifts
21-30-2-2. Annuity Gifts; Conditions
21-30-2-3. Determination of Gift Value
21-30-2-4. Security of Payment of Annuities