Indiana Code > Title 4 > Article 24 > Chapter 3 – Receipt and Use of Gifts and Bequests
Current as of: 2023 | Check for updates
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Other versions
§ 4-24-3-1 | Authorization to accept gifts |
§ 4-24-3-2 | Officers eligible to accept gifts |
§ 4-24-3-3 | Gifts creating indebtedness against state |
§ 4-24-3-4 | Sale of property |
§ 4-24-3-6 | Application of act |
Terms Used In Indiana Code > Title 4 > Article 24 > Chapter 3 - Receipt and Use of Gifts and Bequests
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Bequest: Property gifted by will.
- Contract: A legal written agreement that becomes binding when signed.
- Devise: To gift property by will.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Highway: includes county bridges and state and county roads, unless otherwise expressly provided. See Indiana Code 1-1-4-5
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5