The board of trustees of a state educational institution may receive, accept, hold, administer, and use any property transferred to the board of trustees by gift, bequest, or devise, with the terms, conditions, obligations, liabilities, and burdens imposed on the gift, bequest, or devise, if, in the judgment of the board of trustees, it is for the best interest of the educational institution receiving the gift, bequest, or devise.[Pre-2007 Higher Education Recodification Citation: 20-12-4-2(a).]As added by P.L.2-2007, SEC.271.
Indiana Legal Code