Indiana Code 16-23-1-22. Equipment and personal property
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Sec. 22. The governing board may do the following:
(2) Sell or exchange equipment or personal property of the hospital or trade the equipment or personal property for other equipment or property to be purchased or acquired.
(1) Purchase or lease equipment, appliances, and other personal property for the operation and maintenance of the hospital.
Terms Used In Indiana Code 16-23-1-22
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
- Personal property: All property that is not real property.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
[Pre-1993 Recodification Citation: 16-12.2-5-14.]
As added by P.L.2-1993, SEC.6.