Indiana § 21-30-5-6 Sale or conveyance of property received by gift or bequest

Indiana Statutes

§ 21-30-5-6 — Sale or conveyance of property received by gift or bequest

Indiana § 21-30-5-6

Title 21HIGHER EDUCATION

Art. 30STATE EDUCATIONAL INSTITUTIONS:

Ch. 5Gifts, Bequests, and Devises; Vincennes University

This text of Indiana § 21-30-5-6 (Sale or conveyance of property received by gift 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 § 21-30-5-6 (2026).

Text

The board of trustees may, if not inconsistent with the terms and conditions of the gift, bequest, or devise:

(1)sell, convey, or otherwise dispose of real property received as a gift, bequest, or devise; and

(2)invest, reinvest, or use the proceeds derived from the sale, conveyance, or disposition of the real property; if the board of trustees determines that the action will be of the greatest benefit to Vincennes University. [Pre-2007 Higher Education Recodification Citation: 23-13-18-26 part.]

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The board of trustees may, if not inconsistent
with the terms and conditions of the gift, bequest, or devise:
(1) sell, convey, or otherwise dispose of real property received as
a gift, bequest, or devise; and
(2) invest, reinvest, or use the proceeds derived from the sale,
conveyance, or disposition of the real property;
if the board of trustees determines that the action will be of the greatest
benefit to Vincennes University.
[Pre-2007 Higher Education Recodification Citation:
23-13-18-26 part.]