Indiana Code 21-31-2-4. Indiana University board; authority to acquire real and personal property

Sec. 4. The board of trustees of Indiana University may:

(1) possess all the real and personal property of Indiana University for its benefit;

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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

(2) take and hold, in their corporate name, any real or personal property for the benefit of Indiana University; and

(3) expend the income of Indiana University for its benefit.

[Pre-2007 Higher Education Recodification Citation: 20-12-23-2(c) part.]

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