§ 21-34-3-5 — Title to real and personal property

Indiana § 21-34-3-5

• Jurisdiction: Indiana
• Title 21: HIGHER EDUCATION
• Art. 34: STATE EDUCATIONAL INSTITUTIONS:
• Ch. 3: Building Facilities, Equipment, Land

Text

Except as otherwise provided in IC 21-34-4,
title to all property acquired, including improvements on acquired
property, must be taken and held by and in the name of the board of
trustees in its corporate capacity for the purposes of this article. The
board of trustees of a state educational institution may use for these
purposes real or personal property:
(1) acquired before or after March 10, 1965; or
(2) available on or after March 10, 1965, to the state educational
institution, including real estate (improved or unimproved), the
title to which on or after March 10, 1965, may be in the name of
the state of Indiana for the use and benefit of the board of trustees
of the state educational institution or the state educational
institution under its control.
[Pre-2007 Higher Education Recodification Citation:
20-12-6-2(b).]

Legislative History

As added by P.L.2-2007, SEC.275.