The purchaser or purchasers of real estate that:

1. (1) has been sold; or

2. (2) is to be conveyed;

   under this chapter shall pay the purchase money to the treasurer of the state educational institution selling the real estate for the use and benefit of the state educational institution.

   [Pre-2007 Higher Education Recodification Citation: 20-12-11-3 part.]

As added by P.L.2-2007, SEC.277.