The board of trustees of Indiana University may:(1) possess all the real and personal property of Indiana University for its benefit;(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.
Indiana Legal Code