Sec. 10. (a) The board of trustees of Vincennes University may, when the board of trustees finds a necessity:

(1) erect, construct, and complete buildings and structures and otherwise improve property owned by the university;

lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 21-31-2-10

  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
(2) equip, furnish, operate, control, and manage the properties for the purposes of or for the benefit of the university;

(3) acquire by purchase, lease, gift, or otherwise property, both real or personal, that the board of trustees finds necessary for the purposes of Vincennes University; and

(4) use real or personal property acquired by the board of trustees for the purposes of Vincennes University.

     (b) Title to all property acquired by the board of trustees of Vincennes University, including improvements on real property, shall be taken and held by and in the name of the board of trustees in their corporate capacities for the purposes of Vincennes University.

[Pre-2007 Higher Education Recodification Citation: 23-13-18-14.]

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

  Previous section
Next section  
 Chapter 2 Contents