Indiana Statutes

§ 14-12-1-9 — Purpose of foundation

Indiana·Art. 12 STATE RESOURCE DEVELOPMENT·Ch. 1 Indiana Natural Resources Foundation
(a)The exclusive purpose of the foundation is to acquire real and personal property to be donated under subsection
(b).
(b)The foundation may donate real and personal property to the following:
(1)The department, subject to subsection (c).
(2)Any unit of local government.
(c)The foundation must have the approval of the director to donate real or personal property to the state. [Pre-1995 Recodification Citations: 14-3-17-8; 14-3-17-15.]

Free access — add to your briefcase to read the full text and ask questions with AI

Indiana § 14-12-1-9 (Purpose of foundation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.1-1995, SEC.5.

Nearby Sections

15
View on official source ↗