Sec. 3. (a) Any university or college described in section 2 of this chapter desiring to amend its charter so as to remove the limitations upon the amount of property ownership as referred to in section 2 of this chapter and desiring to accept this chapter may do so by the adoption by its board of directors or board of trustees of a resolution to that effect and by filing proof of such adoption, verified by at least a majority of the board, in the office of the secretary of state.
(b) The charter shall be deemed amended to remove such limitations as of the date when such proof is filed in the office of the secretary of state.
Formerly: Acts 1941, c.62, s.3. As amended by P.L.34-1987, SEC.360; P.L.1-1989, SEC.48.
Structure Indiana Code
Title 23. Business and Other Associations
Article 13. Educational Institutions
Chapter 16. Holding of Excess Property Legalized
23-13-16-2. Amendment of Charter to Remove Limitations
23-13-16-3. Procedure to Remove Limitations in Charter
23-13-16-4. Amendment of Charter Provisions Relating to Number of Trustees or Directors; Procedure