§ 23-13-6-1 — Election and power of governing body

Any university, college, or other institution of
learning organized before April 9, 1907, and existing on April 9, 1907,
under special enactments of the general assembly of the state of Indiana
constituting the charter of the institution, or which is organized on or
after April 9, 1907, under the general laws of the state of Indiana, may
provide that the board of trustees, or other governing or administrative
body thereof may be elected in whole or in part by conferences, synods,
presbyteries, or other church or ecclesiastical bodies; in part by
graduates of such institution, and that the remainder shall be elected by
the board of trustees of the institution, and define the powers of such
governing or administrative body, and may further provide for such a
system of holding, accounting for, and administering the funds of such
institution as will divide such funds into independent classes
representing endowment and general funds, with a separate custodian,
manager, or treasurer of each of said funds.
Formerly: Acts 1907, c.79, s.1. As amended by P.L.34-1987,
SEC.350.