Indiana § 21-34-3-4 - Authority to acquire or improve real and personal property
Full text of Indiana Indiana Code § 21-34-3-4 — Authority to acquire or improve real and personal property, with citation guidance and answers to common questions.
§ 21-34-3-4. Authority to acquire or improve real and personal property
Sec. 4. (a) The board of trustees of a state educational institution may:
(1) acquire, under this article or any other applicable law, by:
(A) purchase (for cash or on contract);
(B) lease or sublease for a period not exceeding forty (40) years that the board of trustees approves;
(C) condemnation;
(D) trade or exchange;
(E) gift, devise, or bequest; or
(F) other means; and
(2) improve;
real property (improved or unimproved) and personal property that the board of trustees determines necessary for the purposes set forth in subsection (b) on the terms and conditions and subject to the liens and encumbrances that the board of trustees approves.
(b) Any action may be taken under subsection (a) that the board of trustees of the state educational institution considers necessary for:
(1) carrying on the educational research, the public service programs, or the statutory responsibilities of the state educational institution and the various divisions of the state educational institution under the jurisdiction of the board of trustees; or
(2) managing, operating, or servicing the state educational institution.
[Pre-2007 Higher Education Recodification Citation: 20-12-6-2(a).]
As added by P.L.2-2007, SEC.275.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-34-3-4
What does Indiana Code § 21-34-3-4 cover?
Section 21-34-3-4 ("Authority to acquire or improve real and personal property") 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 § 21-34-3-4?
A common citation format is "Indiana Code § 21-34-3-4" (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 § 21-34-3-4 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.