2023 Indiana Code
Title 15. Agriculture and Animals
Article 14. Agricultural Fairs, Associations, and Societies
Chapter 1. Organization of Interstate Fairs
15-14-1-3. Corporation Powers

Universal Citation:
IN Code § 15-14-1-3 (2023)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

Sec. 3. A corporation incorporated under this chapter:

(1) has all the rights, powers, and privileges given to corporations by common law;

(2) may sue and be sued;

(3) may borrow and secure payment of money by:

(A) notes and mortgage; and

(B) bonds or deeds of trust upon the corporation's personal and real property; and

(4) may rent, lease, purchase, hold, sell, and convey real and personal property necessary and proper:

(A) to erect buildings; and

(B) for other purposes of a corporation organized under section 1(a) of this chapter.

[Pre-2008 Recodification Citation: 15-1-2-3.]

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

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