CHAPTER 3. RECEIPT AND USE OF GIFTS AND BEQUESTS

IC 4-24-3
    Chapter 3. Receipt and Use of Gifts and Bequests

IC 4-24-3-1
Authorization to accept gifts
    Sec. 1. Any state charitable or benevolent institution for the useof such institutions may receive gifts, bequests, and devises of realor personal property, or both, for the aid or maintenance of any suchinstitution, under the provisions and safeguards hereinafter provided.
(Formerly: Acts 1945, c.177, s.1.)

IC 4-24-3-2
Officers eligible to accept gifts
    Sec. 2. Acceptance of any such gifts, bequests and devises of realor personal property, or both, may be made by the executive officersof the institution benefited; but the failure of such officers to makesuch acceptance at any time shall not invalidate or affect the gift,bequest, and devise, it being deemed that an acceptance has beenmade in the absence of a definite rejection. No special form ofacceptance is necessary, and no gift of value in excess of fivehundred dollars ($500) shall be accepted by any institution named insection 1 or by the state for the use of such institution unless it beapproved by the governor.
(Formerly: Acts 1945, c.177, s.2.)

IC 4-24-3-3
Gifts creating indebtedness against state
    Sec. 3. No acceptance shall be so made as to create anindebtedness against the state of Indiana or any of its agencies; norshall any acceptance which has been deemed to have taken place, asprovided in section 2 of this chapter, operate to create such anindebtedness.
(Formerly: Acts 1945, c.177, s.3.) As amended by P.L.5-1984,SEC.187.

IC 4-24-3-4
Sale of property
    Sec. 4. (a) Any funds or other property received as provided inthis chapter shall be subject to all other statutes applying to similarfunds or property, including the right to sell as provided in thischapter, unless such right is prohibited under the terms of such gift,bequest, or devise.
    (b) Property acquired under this chapter may be sold as follows:
        (1) If the property is personal property, under IC 5-22-22.
        (2) If the property is real property, under IC 4-20.5-7.
(Formerly: Acts 1945, c.177, s.4.) As amended by P.L.5-1984,SEC.188; P.L.7-1993, SEC.8; P.L.49-1997, SEC.23.

IC 4-24-3-5
Repealed    (Repealed by P.L.1-1989, SEC.75.)

IC 4-24-3-6
Application of act
    Sec. 6. This chapter shall be deemed supplementary to any otherstatutes of the state of Indiana for the acceptance of gifts, trusts,devises, and bequests and does not apply to state educationalinstitutions.
(Formerly: Acts 1945, c.177, s.6.) As amended by P.L.5-1984,SEC.190; P.L.2-2007, SEC.61.