Indiana Statutes

§ 14-12-1-10 — Powers of foundation

Indiana·Art. 12 STATE RESOURCE DEVELOPMENT·Ch. 1 Indiana Natural Resources Foundation

The foundation may do the following:

(1)Adopt bylaws for the regulation of the foundation's affairs and the conduct of the foundation's business.
(2)Adopt an official seal, which may not be the seal of the state.
(3)Maintain a principal office and other offices the foundation designates.
(4)Sue and be sued in the name and style of "Indiana Natural Resources Foundation", with service of process being made to the chairman of the foundation by leaving a copy at the principal office of the foundation or at the residence of the chairman if the foundation has no principal office.
(5)To exercise the powers or perform the duties of the foundation, do the following:
(A)Acquire by any means except eminent domain a right or an interest in or upon real or personal property of any kind or nature.

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Legislative History

As added by P.L.1-1995, SEC.5.

Nearby Sections

15
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