The board of trustees may, if not inconsistent with the terms and conditions of the gift, bequest, or devise:

1. (1) sell, convey, or otherwise dispose of real property received as a gift, bequest, or devise; and

2. (2) invest, reinvest, or use the proceeds derived from the sale, conveyance, or disposition of the real property;

   if the board of trustees determines that the action will be of the greatest benefit to Vincennes University.

   [Pre-2007 Higher Education Recodification Citation: 23-13-18-26 part.]

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