Indiana § 20-26-7-7 Unconditional devise or bequest

Indiana Statutes

§ 20-26-7-7 — Unconditional devise or bequest

Indiana § 20-26-7-7

Title 20EDUCATION

Art. 26SCHOOL CORPORATIONS: GENERAL

Ch. 7Property and Eminent Domain

This text of Indiana § 20-26-7-7 (Unconditional devise or bequest) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 20-26-7-7 (2026).

Text

If a common school corporation has acquired
or acquires any personal property or real estate by gift, devise, or
bequest concerning which the donor or testator, at the time of making
the gift, bequest, or devise, does not include conditions or directions
concerning the gift, bequest, or devise inconsistent with this section,
the principal of the gifts, devises, and bequests is inviolate, but the
interest, rents, incomes, issues, and profits thereof may be expended by
the school corporation.
[Pre-2005 Elementary and Secondary Education
Recodification Citation: 20-5-20-3.]

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If a common school corporation has acquired
or acquires any personal property or real estate by gift, devise, or
bequest concerning which the donor or testator, at the time of making
the gift, bequest, or devise, does not include conditions or directions
concerning the gift, bequest, or devise inconsistent with this section,
the principal of the gifts, devises, and bequests is inviolate, but the
interest, rents, incomes, issues, and profits thereof may be expended by
the school corporation.
[Pre-2005 Elementary and Secondary Education
Recodification Citation: 20-5-20-3.]