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2019 Indiana Code
Title 21. Higher Education
Article 30. State Educational Institutions: Donations; Gifts, Bequests, and Devises
Chapter 2. Gift Annuities; Restrictions on Gifts; Gifts for a Permanent Endowment
21-30-2-1. Power to accept gifts
Universal Citation: IN Code § 21-30-2-1 (2019)
IC 21-30-2-1 Power to accept gifts
Sec. 1. Any state educational institution or the state of Indiana may:
(1) receive gifts, bequests, and devises of real or personal property, or both, for the aid or maintenance of any state educational institution; and
(2) agree to return to the donor or to any living person named by the donor and living at the time of the gift, an annuity under the provisions and safeguards provided in this chapter.
[Pre-2007 Higher Education Recodification Citation: 4-24-2-1 part.]
As added by P.L.2-2007, SEC.271.
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