Sec. 1. Subject to section 4(b) of this chapter, this chapter applies to a fair association described in section 2 of this chapter and organized after March 5, 1889. [2008 Recodification Citation: New.] As added by P.L.2-2008, SEC.10.
Sec. 2. (a) A group of at least five (5) persons may form an incorporated company for the purpose of forming a fair association to improve the breeding and speed of stock and to promote agriculture. (b) To form a fair association described in subsection (a), a group must adopt written articles of association that: […]
Sec. 3. Every fair association shall file its articles of association in the recorder’s office of the county where the association is formed. The recorder shall record the articles of association in the miscellaneous record. The record or a certified copy of the record is conclusive evidence of the matters recited in the record. The […]
Sec. 4. (a) A fair association is a corporation from the date the articles of incorporation are filed in the appropriate recorder’s office. The fair association has all the rights, powers, and privileges given to a corporation under common law, including the right to: (1) sue and be sued; (2) borrow money and secure payment […]
Sec. 5. A fair association may provide in its bylaws for the admission and expulsion of members and for the election of officers as may be necessary to accomplish the goals of the corporation. A fair association may adopt bylaws for the governance of the officers and members of the corporation. [Pre-2008 Recodification Citation: 15-5-3-4.] […]
