Whenever:

1. (1) an agreement described in section 39 of this chapter is executed; and

2. (2) the payment of any money is made;

   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.