Determination of gift value

Ind. Code § 21-30-2-3
in effect
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Sec. 3. The value of the property comprised in the gift shall be determined by three (3) disinterested appraisers appointed by the governor, and a gift may not be accepted by any institution named in section 1 of this chapter or by the state itself unless it is approved by the governor. [Pre-2007 Higher Education Recodification Citation: 4-24-2-3.] As added by P.L.2-2007, SEC.271.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/21Fetched: 10/17/2026

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