Sec. 1. (a) At least thirty (30) individuals who are residents of at least two (2) states may organize themselves into a society to locate and conduct a fair in any county in Indiana.

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Terms Used In Indiana Code 15-14-1-1

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
     (b) Individuals who have organized a society under subsection (a) may organize themselves into a corporation by filing written articles of incorporation under section 2 of this chapter. The articles must:

(1) be signed by each individual who is a member at the time of organization;

(2) specify the:

(A) purpose of the corporation;

(B) corporate name that is adopted;

(C) name and residential address of each member or stockholder; and

(D) manner in which individuals are appointed or elected to manage the business and concerns of the corporation; and

(3) bear an impression and description of the corporate seal.

[Pre-2008 Recodification Citation: 15-1-2-1.]

As added by P.L.2-2008, SEC.5.