An institution may not be the recipient of a gift, whether on the payment of an annuity or otherwise, that pledges the institution to perform any acts other than acts that the institution is authorized by law to perform.[Pre-2007 Higher Education Recodification Citation: 4-24-2-6 part.]Formerly: Acts 1917, c.20, s.6. As amended by P.L.2-2007, SEC.59.
Indiana Legal Code