Ind. Code ch. 15-14-6

in effect

Ind. Code § 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. [Pre-2008 Recodification Citation: 15-1-4-1.] As added by P.L.2-2008, SEC.5.

Ind. Code § 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. [Pre-2008 Recodification Citation: 15-1-5-1.] As added by P.L.2-2008, SEC.5.

Ind. Code § 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). [Pre-2008 Recodification Citation: 15-1-5-2.] As added by P.L.2-2008, SEC.5.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/15Fetched: 10/17/2026