The board of trustees of a state educational institution may accept gifts, bequests, and devises of personal and real property:

1. (1) for the maintenance, use, or benefit of the state educational institution; or

2. (2) to be administered for other public, charitable purposes for the benefit or use of students of any state educational institution.

   [Pre-2007 Higher Education Recodification Citation: 20-12-4-1 part.]

As added by P.L.2-2007, SEC.271.