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

IC 15-14-6-1
Corporate status; authority to issue capital stock and hold realestate
    Sec. 1. (a) A county or district agricultural society, an agriculturaland mechanical society, and a horticultural society must be a bodycorporate 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 exceedeighty (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 section1 of this chapter are transferable for consideration from a person toanother 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, describedin 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 voteon any question;
a stockholder is entitled to cast one (1) vote for each share thestockholder 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.