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.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-54-2.]
As added by P.L.1-2005, SEC.10.