Sec. 9. (a) The exclusive purpose of the foundation is to acquire real and personal property to be donated under subsection (b).

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Terms Used In Indiana Code 14-12-1-9

  • Personal property: All property that is not real property.
  • Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
     (b) The foundation may donate real and personal property to the following:

(1) The department, subject to subsection (c).

(2) Any unit of local government.

     (c) The foundation must have the approval of the director to donate real or personal property to the state.

[Pre-1995 Recodification Citations: 14-3-17-8; 14-3-17-15.]

As added by P.L.1-1995, SEC.5.

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