Indiana § 15-14-1-8 Capital stock

Indiana Statutes

§ 15-14-1-8 — Capital stock

Indiana·Art. 14 AGRICULTURAL FAIRS, ASSOCIATIONS, AND·Ch. 1 Organization of Interstate Fairs

(a)Except as provided in subsection (b), the capital stock of a corporation incorporated under this chapter may not exceed five hundred thousand dollars ($500,000).

(b)The capital stock of a corporation incorporated under this chapter may be increased by the vote of the stockholders at:

(1)an annual meeting of the stockholders; or

(2)a meeting called especially to increase the capital stock; to an amount not exceeding one million dollars ($1,000,000). [Pre-2008 Recodification Citation: 15-1-2-7.]

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(a) Except as provided in subsection (b), the
capital stock of a corporation incorporated under this chapter may not
exceed five hundred thousand dollars ($500,000).
(b) The capital stock of a corporation incorporated under this
chapter may be increased by the vote of the stockholders at:
(1) an annual meeting of the stockholders; or
(2) a meeting called especially to increase the capital stock;
to an amount not exceeding one million dollars ($1,000,000).
[Pre-2008 Recodification Citation: 15-1-2-7.]

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