IC 20-26-7-40: Sale or exchange of unneeded school property to state; execution of deed

Sec. 40. Whenever:

(1) an agreement described in section 39 of this chapter is executed; and

(2) the payment of any money is made;

deeds of conveyance shall be executed by the trustees or board of trustees of the school corporation and by the state for the transfer of state owned real estate.