CHAPTER 1. LIVESTOCK BREEDERS ASSOCIATIONS

IC 15-19
    ARTICLE 19. LIVESTOCK

IC 15-19-1
    Chapter 1. Livestock Breeders Associations

IC 15-19-1-1
Application of chapter
    Sec. 1. Subject to section 4(b) of this chapter, this chapter appliesto a fair association described in section 2 of this chapter andorganized after March 5, 1889.
As added by P.L.2-2008, SEC.10.

IC 15-19-1-2
Incorporation of fair associations
    Sec. 2. (a) A group of at least five (5) persons may form anincorporated company for the purpose of forming a fair associationto improve the breeding and speed of stock and to promoteagriculture.
    (b) To form a fair association described in subsection (a), a groupmust adopt written articles of association that:
        (1) specify the purpose of the fair association;
        (2) specify the corporate name chosen for the fair association;
        (3) list the name and residence of each member;
        (4) contain an impression of the corporate seal; and
        (5) establish the manner in which persons or officers are chosento manage the business concerns of the fair association.
As added by P.L.2-2008, SEC.10.

IC 15-19-1-3
Articles of association; filing; amendment
    Sec. 3. Every fair association shall file its articles of associationin the recorder's office of the county where the association is formed.The recorder shall record the articles of association in themiscellaneous record. The record or a certified copy of the record isconclusive evidence of the matters recited in the record. The articlesmay be amended at any time by a majority vote of the members ofthe association. The articles of association take effect on the datethey are recorded in the recorder's office.
As added by P.L.2-2008, SEC.10.

IC 15-19-1-4
Corporate powers; application to previously organized fairassociations
    Sec. 4. (a) A fair association is a corporation from the date thearticles of incorporation are filed in the appropriate recorder's office.The fair association has all the rights, powers, and privileges givento a corporation under common law, including the right to:
        (1) sue and be sued;
        (2) borrow money and secure payment by notes, mortgages,

bonds, or deeds of trust upon its personal and real property; and
        (3) rent, lease, purchase, hold, sell, and convey real estate andpersonal property to the extent necessary and proper to erectbuildings and other proper purposes of the corporation.
    (b) If:
        (1) a fair association was organized in Indiana before March 6,1889; and
        (2) the fair association met the requirements of section 2 of thischapter when it was organized;
subsection (a) applies to that association and to an associationdescribed in section 1 of this chapter.
As added by P.L.2-2008, SEC.10.

IC 15-19-1-5
Bylaws
    Sec. 5. A fair association may provide in its bylaws for theadmission and expulsion of members and for the election of officersas may be necessary to accomplish the goals of the corporation. Afair association may adopt bylaws for the governance of the officersand members of the corporation.
As added by P.L.2-2008, SEC.10.