Sec. 6. The board of trustees may, if not inconsistent with the terms and conditions of the gift, bequest, or devise:
(1) sell, convey, or otherwise dispose of real property received as a gift, bequest, or devise; and
(2) invest, reinvest, or use the proceeds derived from the sale, conveyance, or disposition of the real property;
if the board of trustees determines that the action will be of the greatest benefit to Vincennes University.
[Pre-2007 Higher Education Recodification Citation: 23-13-18-26 part.]
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