Indiana Code 20-26-7-40. Sale or exchange of unneeded school property to state; execution of deed
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Sec. 40. Whenever:
(2) the payment of any money is made;
(1) an agreement described in section 39 of this chapter is executed; and
Terms Used In Indiana Code 20-26-7-40
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
deeds of conveyance shall be executed by the trustees or board of trustees of the school corporation and by the state for the transfer of state owned real estate.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-54-2.]
As added by P.L.1-2005, SEC.10.