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Terms Used In Indiana Code 21-31-2-8

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
   Sec. 8. The board of trustees of Vincennes University, in the name of the board of trustees purchasing, holding, leasing, and conveying, may purchase, hold, lease, and convey any estate, real or personal, for the use of Vincennes University.

[Pre-2007 Higher Education Recodification Citation: 23-13-18-1(c)(2).]

As added by P.L.2-2007, SEC.272.