Indiana Code § 20-26-7-6

Property acquired by conditional gift or bequest; annexation
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Sec. 6. A school corporation that acquires any real property by gift, devise, or bequest shall hold, use, and dispose of the real property under the terms and conditions imposed by the donor or testator. [Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-20-2.]

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