§ 4-24-3-2 — Officers eligible to accept gifts

Acceptance of any such gifts, bequests and
devises of real or personal property, or both, may be made by the
executive officers of the institution benefited; but the failure of such
officers to make such acceptance at any time shall not invalidate or
affect the gift, bequest, and devise, it being deemed that an acceptance
has been made in the absence of a definite rejection. No special form
of acceptance is necessary, and no gift of value in excess of five
hundred dollars ($500) shall be accepted by any institution named in
section 1 or by the state for the use of such institution unless it be
approved by the governor.
Formerly: Acts 1945, c.177, s.2.