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

Indiana Statutes

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

Indiana·Title 20 EDUCATION·Art. 26 SCHOOL CORPORATIONS: GENERAL·Ch. 7 Property and Eminent Domain

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.]

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

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.]

Indiana § 20-26-7-7 (Unconditional devise or bequest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.