Indiana Code 15-16-6-2. Organizers; articles of association; contents; amendment
(1) constituting a contiguous area; and
Terms Used In Indiana Code 15-16-6-2
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
may establish a horticultural and quarantine district.
(b) The articles of association must be in writing and signed and acknowledged by each person who desires to become a member of the organization. The articles of association must specify the following:
(1) The corporate name of the association.
(2) The objectives of the association, generally.
(3) The name and residence of each incorporating member.
(4) The term of existence of the association. However, the term may not exceed ten (10) years.
(5) That three (3) directors shall manage the affairs of the association.
(c) An association may not have capital stock. The articles of association may be amended at any time by supplementary and amended articles:
(1) signed and acknowledged by a majority of the members of the association at the time of amendment; and
(2) recorded in the same manner as the original articles.
[Pre-2008 Recodification Citation: 15-3-7-2.]
As added by P.L.2-2008, SEC.7.