§ 15-14-6-1 — Corporate status; authority to issue capital stock and hold real estate

Indiana § 15-14-6-1

• Jurisdiction: Indiana
• Art. 14: AGRICULTURAL FAIRS, ASSOCIATIONS, AND
• Ch. 6: Corporate Status for County and District Agricultural

Text

(a) A county or district agricultural society, an
agricultural and mechanical society, and a horticultural society must be
a body corporate with perpetual succession.
(b) A society described in subsection (a) may:
(1) issue capital stock not to exceed ten thousand dollars
($10,000), in shares not to exceed twenty-five dollars ($25) each;
and
(2) hold real estate, by purchase, gift, or devise, not to exceed
eighty (80) acres.
[Pre-2008 Recodification Citation: 15-1-4-1.]

Legislative History

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