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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
21-30-2-3. Determination of gift value
Universal Citation: IN Code § 21-30-2-3 (2019)
IC 21-30-2-3 Determination of gift value
Sec. 3. The value of the property comprised in the gift shall be determined by three (3) disinterested appraisers appointed by the governor, and a gift may not be accepted by any institution named in section 1 of this chapter or by the state itself unless it is approved by the governor.
[Pre-2007 Higher Education Recodification Citation: 4-24-2-3.]
As added by P.L.2-2007, SEC.271.
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