Indiana Code 20-25-4-18. Authority of school cities to accept property in trust
Current as of: 2023 | Check for updates
|
Other versions
Sec. 18. (a) A school city may accept property in trust to be used for common school or career and technical, trade, or industrial school purposes. The school city, whether made trustee by appointment of a court or by the founder of the trust, may carry out the terms of the trust in conducting common schools or career and technical, trade, or industrial schools.
(1) resolution of; or
(b) If a school city by:
Terms Used In Indiana Code 20-25-4-18
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Trustee: A person or institution holding and administering property in trust.
(2) other formal corporate action of;
the board accepts real estate or other property in trust under subsection (a), the school city shall perform all requirements made conditions of the trust performable by the trustee.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-3-11-29.]
As added by P.L.1-2005, SEC.9. Amended by P.L.234-2007, SEC.103.