Indiana Code 21-30-7-7. “Gift”
Current as of: 2024 | Check for updates
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Terms Used In Indiana Code 21-30-7-7
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- gift: means any gift, grant, endowment, award, or donation of money or property of any kind, or any combination thereof, including a conditional or unconditional promise, pledge, or agreement to make a gift, endowment, award, or donation. See Indiana Code 21-30-7-7
- grant: means a transfer of money for a specified purpose, including a conditional gift. See Indiana Code 21-30-7-8
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 7. As used in this chapter, “gift” means any gift, grant, endowment, award, or donation of money or property of any kind, or any combination thereof, including a conditional or unconditional promise, pledge, or agreement to make a gift, endowment, award, or donation.
As added by P.L.142-2024, SEC.1.