Indiana Statutes

§ 15-14-5-2 — Powers to borrow money, mortgage property, and issue bonds

Indiana·Art. 14 AGRICULTURAL FAIRS, ASSOCIATIONS, AND·Ch. 5 Agricultural Societies, Associations, and Corporations

A society, an association, or a corporation described in section 1 of this chapter, with authority of its board of directors, may:

(1)borrow money;
(2)mortgage its property; and
(3)issue notes, bonds, and other obligations without restrictions other than those applying to corporations generally. [Pre-2008 Recodification Citation: 15-1-10-1 part.]

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Legislative History

As added by P.L.2-2008, SEC.5.

Nearby Sections

15
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