There is a newer version
of
this Section
2019 Indiana Code
Title 15. Agriculture and Animals
Article 14. Agricultural Fairs, Associations, and Societies
Chapter 5. Agricultural Societies, Associations, and Corporations
15-14-5-2. Powers to borrow money, mortgage property, and issue bonds
Universal Citation: IN Code § 15-14-5-2 (2019)
IC 15-14-5-2 Powers to borrow money, mortgage property, and issue bonds
Sec. 2. 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.]
As added by P.L.2-2008, SEC.5.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
