§ 10-18-6-3 — Filing articles of association; association powers

(a) The articles of association must be filed
with the secretary of state, and a copy must be filed with the county
recorder of the county where the veterans association's principal place
of business is located.
(b) After the articles of association are filed with the secretary of
state and county recorder, the veterans association is a body politic and
corporate, with the following powers:
(1) To sue and be sued in the veterans association's corporate
name.
(2) To acquire property, real and personal, by gift, devise,
bequest, and purchase.
(3) To use, lease, or dispose of personal or real property that
furthers the purposes of the association.
(4) To borrow money and to issue notes, bonds, or other usual
forms of securities.
(5) To secure the payment of the veterans association's obligations
by mortgages or deeds of trust upon the veterans association's real
or personal property.
[Pre-2003 Recodification Citation: 10-7-11-3.]

Legislative History

As added by P.L.2-2003, SEC.9.