CHAPTER 6. CORPORATE STATUS FOR COUNTY AND DISTRICT AGRICULTURAL SOCIETIES - Indiana Statutes

IC 15-14-6
     Chapter 6. Corporate Status for County and District Agricultural Societies

IC 15-14-6-1
Corporate status; authority to issue capital stock and hold real estate
     Sec. 1. (a) A county or district agricultural society, an agricultural and mechanical society, and a horticultural society must be a body corporate with perpetual succession.
    (b) A society described in subsection (a) may:
        (1) issue capital stock not to exceed ten thousand dollars ($10,000), in shares not to exceed twenty-five dollars ($25) each; and
        (2) hold real estate, by purchase, gift, or devise, not to exceed eighty (80) acres.
As added by P.L.2-2008, SEC.5.

IC 15-14-6-2
Transferability of capital stock
     Sec. 2. Shares in the capital stock of a society described in section 1 of this chapter are transferable for consideration from a person to another person, subject to the bylaws that the society adopts.
As added by P.L.2-2008, SEC.5.

IC 15-14-6-3
Voting rights
     Sec. 3. (a) In all meetings of stockholders of a society, described in section 1 of this chapter, held for the:
        (1) election of:
            (A) trustees; or
            (B) directors; or
        (2) purpose of expressing the will of the stockholders by vote on any question;
a stockholder is entitled to cast one (1) vote for each share the stockholder owns and has fully paid for.
    (b) A stockholder is not entitled to vote on more than ten (10) shares in a vote held under subsection (a).
As added by P.L.2-2008, SEC.5.