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Terms Used In Indiana Code 4-3-9-6

  • Bequest: Property gifted by will.
  • Devise: To gift property by will.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Land: means both unimproved and improved land. See Indiana Code 4-3-9-1
  • Transfer: means a gift, grant, conveying, exchange, lease, or sale. See Indiana Code 4-3-9-1
  • United States of America: shall include the United States government and any agency or entity thereof. See Indiana Code 4-3-9-1
   Sec. 6. If the title to any land which the governor determines necessary or desirable to transfer to the United States of America pursuant to this chapter is not in the name of the state of Indiana at the time of the determination, the governor is authorized to acquire that land by gift, bequest, devise, exchange, purchase, or other agreement.

As added by Acts 1977, P.L.25, SEC.1.