§ 4.1-45-15 — Organization under corporation laws - Real property transactions - Contracts

Contracts.
The state fair association has the rights, privileges, and liabilities of a corporation under the
corporation laws of this state except as provided by this chapter. The association may purchase,
hold, lease, exchange, trade, or sell real estate for the purpose of promoting and conducting a
state fair. Real estate controlled by the state fair association may be leased, subleased, rented,
or used for other than fair purposes when the property is not needed for fair purposes. The state
fair association may contract in its own name, but as an agency of the state, and shall make all
of its purchases under the purchasing laws of the state, except as exempted by the director of
the office of management and budget.