2021 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 (2021)

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.

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