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 use
of such institutions may receive gifts, bequests, and devises of real
or personal property, or both, for the aid or maintenance of any such
institution, 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 real
or personal property, or both, may be made by the executive officers
of the institution benefited; but the failure of such officers to make
such acceptance at any time shall not invalidate or affect the gift,
bequest, and devise, it being deemed that an acceptance has been
made in the absence of a definite rejection. No special form of
acceptance is necessary, and no gift of value in excess of five
hundred dollars ($500) shall be accepted by any institution named in
section 1 or by the state for the use of such institution unless it be
approved 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 an
indebtedness against the state of Indiana or any of its agencies; nor
shall any acceptance which has been deemed to have taken place, as
provided in section 2 of this chapter, operate to create such an
indebtedness. (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 in
this chapter shall be subject to all other statutes applying to similar
funds or property, including the right to sell as provided in this
chapter, 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Repealed
(Repealed by P.L.1-1989, SEC.75.)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 other
statutes of the state of Indiana for the acceptance of gifts, trusts,
devises, and bequests and does not apply to state educational
institutions. (Formerly: Acts 1945, c.177, s.6.) As amended by P.L.5-1984,
SEC.190; P.L.2-2007, SEC.61.
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 use
of such institutions may receive gifts, bequests, and devises of real
or personal property, or both, for the aid or maintenance of any such
institution, 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 real
or personal property, or both, may be made by the executive officers
of the institution benefited; but the failure of such officers to make
such acceptance at any time shall not invalidate or affect the gift,
bequest, and devise, it being deemed that an acceptance has been
made in the absence of a definite rejection. No special form of
acceptance is necessary, and no gift of value in excess of five
hundred dollars ($500) shall be accepted by any institution named in
section 1 or by the state for the use of such institution unless it be
approved 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 an
indebtedness against the state of Indiana or any of its agencies; nor
shall any acceptance which has been deemed to have taken place, as
provided in section 2 of this chapter, operate to create such an
indebtedness. (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 in
this chapter shall be subject to all other statutes applying to similar
funds or property, including the right to sell as provided in this
chapter, 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 other
statutes of the state of Indiana for the acceptance of gifts, trusts,
devises, and bequests and does not apply to state educational
institutions. (Formerly: Acts 1945, c.177, s.6.) As amended by P.L.5-1984,
SEC.190; P.L.2-2007, SEC.61.
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 use
of such institutions may receive gifts, bequests, and devises of real
or personal property, or both, for the aid or maintenance of any such
institution, 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 real
or personal property, or both, may be made by the executive officers
of the institution benefited; but the failure of such officers to make
such acceptance at any time shall not invalidate or affect the gift,
bequest, and devise, it being deemed that an acceptance has been
made in the absence of a definite rejection. No special form of
acceptance is necessary, and no gift of value in excess of five
hundred dollars ($500) shall be accepted by any institution named in
section 1 or by the state for the use of such institution unless it be
approved 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 an
indebtedness against the state of Indiana or any of its agencies; nor
shall any acceptance which has been deemed to have taken place, as
provided in section 2 of this chapter, operate to create such an
indebtedness. (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 in
this chapter shall be subject to all other statutes applying to similar
funds or property, including the right to sell as provided in this
chapter, 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 other
statutes of the state of Indiana for the acceptance of gifts, trusts,
devises, and bequests and does not apply to state educational
institutions. (Formerly: Acts 1945, c.177, s.6.) As amended by P.L.5-1984,
SEC.190; P.L.2-2007, SEC.61.
