Sec. 8. If real property that is received as a gift, bequest, or devise is sold or is to be conveyed or otherwise disposed of, the purchaser shall pay the purchase money for the real property, as agreed, to the treasurer of Vincennes University, and the purchaser shall take the receipt of the treasurer. Upon presentation of the receipt of the treasurer to the board of trustees, the board of trustees shall cause to be executed a deed of conveyance to the purchases. The deed shall be signed by the board of trustees.
[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