Indiana § 15-14-1-3 Corporation powers

Indiana Statutes

§ 15-14-1-3 — Corporation powers

Indiana § 15-14-1-3

Art. 14AGRICULTURAL FAIRS, ASSOCIATIONS, AND

Ch. 1Organization of Interstate Fairs

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Bluebook

Ind. Code § 15-14-1-3 (2026).

Text

A corporation incorporated under this chapter:

(1)has all the rights, powers, and privileges given to corporations by common law;

(2)may sue and be sued;

(3)may borrow and secure payment of money by:

(A)notes and mortgage; and

(B)bonds or deeds of trust upon the corporation's personal and real property; and

(4)may rent, lease, purchase, hold, sell, and convey real and personal property necessary and proper:

(A)to erect buildings; and

(B)for other purposes of a corporation organized under section 1(a) of this chapter. [Pre-2008 Recodification Citation: 15-1-2-3.]

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A corporation incorporated under this chapter:
(1) has all the rights, powers, and privileges given to corporations
by common law;
(2) may sue and be sued;
(3) may borrow and secure payment of money by:
(A) notes and mortgage; and
(B) bonds or deeds of trust upon the corporation's personal and
real property; and
(4) may rent, lease, purchase, hold, sell, and convey real and
personal property necessary and proper:
(A) to erect buildings; and
(B) for other purposes of a corporation organized under section
1(a) of this chapter.
[Pre-2008 Recodification Citation: 15-1-2-3.]