2019 Indiana Code
Title 15. Agriculture and Animals
Article 14. Agricultural Fairs, Associations, and Societies
Chapter 1. Organization of Interstate Fairs
15-14-1-8. Capital stock

Universal Citation: IN Code § 15-14-1-8 (2019)
IC 15-14-1-8 Capital stock

Sec. 8. (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.]

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

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