Sec. 3. The board of trustees may receive, accept, hold, administer, and use any property transferred to them by gift, bequest, or devise, with the terms and conditions, and with the obligations, liabilities, and burdens that are imposed on the gift, bequest, or devise, when, in the judgment of the board of trustees, it is for the best interest of Vincennes University.
[Pre-2007 Higher Education Recodification Citation: 23-13-18-25(a).]
As added by P.L.2-2007, SEC.271.
Structure Indiana Code
Article 30. State Educational Institutions: Donations; Gifts, Bequests, and Devises
Chapter 5. Gifts, Bequests, and Devises; Vincennes University
21-30-5-1. Applicability of Chapter
21-30-5-2. Board; Acceptance of Gifts, Devises, and Bequests
21-30-5-3. Board; Use of Transferred Property
21-30-5-4. Annuity Gifts; Conditions
21-30-5-5. Security of Payment of Annuities
21-30-5-6. Sale or Conveyance of Property Received by Gift or Bequest
21-30-5-7. Proceeds of Sale or Conveyance; Use
21-30-5-8. Procedure for the Sale of Real Property Received as a Gift