The board of trustees of Indiana University may:

1. (1) possess all the real and personal property of Indiana University for its benefit;
2. (2) take and hold, in their corporate name, any real or personal property for the benefit of Indiana University; and

3. (3) expend the income of Indiana University for its benefit.

   [Pre-2007 Higher Education Recodification Citation: 20-12-23-2(c) part.]

As added by P.L.2-2007, SEC.272.