Indiana § 21-30-2-2 - Annuity gifts; conditions
Full text of Indiana Indiana Code § 21-30-2-2 — Annuity gifts; conditions, with citation guidance and answers to common questions.
§ 21-30-2-2. Annuity gifts; conditions
Sec. 2. If the gift is for the purpose of providing an annuity, the gift may be accepted by any state educational institution or by the state upon condition that the state educational institution or the state shall pay to:
(1) the donor, for the life of the donor or for a term of years not beyond the lifetime of the donor, as may be agreed; or
(2) any person or persons named by the donor and living at the time of the gift, for the life of the person or persons or for a term of years not beyond the lifetime of the person or persons, as may be agreed;
an annuity on the value of the property at the time the gift is made. The annuity must not exceed the actual income from the property donated.
[Pre-2007 Higher Education Recodification Citation: 4-24-2-2.]
As added by P.L.2-2007, SEC.271.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-30-2-2
What does Indiana Code § 21-30-2-2 cover?
Section 21-30-2-2 ("Annuity gifts; conditions") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 21-30-2-2?
A common citation format is "Indiana Code § 21-30-2-2" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 21-30-2-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.