Chapter 1 General Provisions; Definitions
Chapter 2 Disposition of Property to a Trust
Chapter 3 Sale of Real Estate
Chapter 4 Monetizing Capital Assets
Chapter 5 Transfer of Intellectual Property

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Terms Used In Indiana Code > Title 21 > Article 36 - State Educational Institutions: Disposition of Property

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • appointing authority: means the head of a department, division, board, or commission, or an individual or group of individuals who have the power by law or by lawfully delegated authority to make appointments to positions in the state civil service. See Indiana Code 4-15-2.2-2
  • Appraisal: A determination of property value.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • classified employee: means an employee who:

    Indiana Code 4-15-2.2-4

  • director: refers to the state personnel director appointed under section 14 of this chapter. See Indiana Code 4-15-2.2-7
  • division of the service: means any of the following that are subject to this chapter and whose positions are under the same appointing authority:

    Indiana Code 4-15-2.2-8

  • Fiduciary: A trustee, executor, or administrator.
  • Fraud: Intentional deception resulting in injury to another.
  • monetize: refers to an exchange of part or all of the possession and control of a capital asset or security of a state educational institution, without a transfer of ownership, for a period of time in return for cash or future revenue as specified in a written agreement between the state educational institution and a third party. See Indiana Code 21-36-4-3
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
  • state agency: means an authority, board, branch, commission, committee, department, division, or other instrumentality of state government that is subject to this chapter. See Indiana Code 4-15-2.2-9
  • state civil service: means public service by individuals who are subject to this chapter. See Indiana Code 4-15-2.2-10
  • state institution: means any of the following:

    Indiana Code 4-15-2.2-11

  • Trustee: A person or institution holding and administering property in trust.