Sec. 4. The board of trustees of a state educational institution may determine that any real estate (including any real estate acquired by gift, bequest, or devise) for which the title of the real estate is in the name of the:
(1) state educational institution; or
(2) state of Indiana for the use and benefit of the state educational institution;
is not needed for any of the purposes of the state educational institution and that it would be advantageous for the state educational institution to give or sell the real estate.
[Pre-2007 Higher Education Recodification Citation: 20-12-11-2(a) part.]
As added by P.L.2-2007, SEC.277. Amended by P.L.178-2018, SEC.13.
Structure Indiana Code
Article 36. State Educational Institutions: Disposition of Property
Chapter 3. Sale of Real Estate
21-36-3-1. Applicability of Chapter
21-36-3-2. Supplemental Effect of Chapter
21-36-3-3. Authority to Sell or Convey Real Property
21-36-3-4. Sale or Conveyance of Property Received by Gift or Bequest
21-36-3-5. Determination on Disposition of Property; Resolution
21-36-3-6. Real Property Value Determination by Appraisal