2021 Indiana Code
Title 15. Agriculture and Animals
Article 14. Agricultural Fairs, Associations, and Societies
Chapter 1. Organization of Interstate Fairs
15-14-1-7. Restrictions on Property Ownership

Universal Citation: IN Code § 15-14-1-7 (2021)

Sec. 7. (a) The amount of real estate that a corporation incorporated under this chapter may purchase or own may not exceed:

(1) one hundred sixty (160) acres; and

(2) five hundred thousand dollars ($500,000) in value.

(b) A corporation incorporated under this chapter may sell any land that it possesses or may possess.

[Pre-2008 Recodification Citations: subsection (a) formerly 15-1-2-6 part; subsection (b) formerly 15-1-2-10.]

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

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