Indiana § 4-24-2-1 Gifts; bequests and devises

Indiana Statutes

§ 4-24-2-1 — Gifts; bequests and devises

Indiana § 4-24-2-1

Art. 24INSTITUTIONS─GENERAL PROVISIONS

Ch. 2Gifts; Acceptance and Return of Annuity to Donor

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Bluebook

Ind. Code § 4-24-2-1 (2026).

Text

Any state charitable or benevolent institution or the state of Indiana may:

(1)receive gifts, bequests, and devises of real or personal property, or both, for:

(A)the aid or maintenance of any institution; or

(B)state parks or other state purposes; and

(2)agree to return to the donor or to any living person named by the donor and living at the time of the gift, an annuity under the provisions and safeguards provided in this chapter. [Pre-2007 Higher Education Recodification Citation: 4-24-2-1 part.] Formerly: Acts 1917, c.20, s.1. As amended by P.L.2-2007, SEC.58.

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Any state charitable or benevolent institution or
the state of Indiana may:
(1) receive gifts, bequests, and devises of real or personal
property, or both, for:
(A) the aid or maintenance of any institution; or
(B) state parks or other state purposes; and
(2) agree to return to the donor or to any living person named by
the donor and living at the time of the gift, an annuity under the
provisions and safeguards provided in this chapter.
[Pre-2007 Higher Education Recodification Citation:
4-24-2-1 part.]
Formerly: Acts 1917, c.20, s.1. As amended by P.L.2-2007,
SEC.58.