Indiana Code 15-19-1-5. Bylaws
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Terms Used In Indiana Code 15-19-1-5
- 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.
Sec. 5. A fair association may provide in its bylaws for the admission and expulsion of members and for the election of officers as may be necessary to accomplish the goals of the corporation. A fair association may adopt bylaws for the governance of the officers and members of the corporation.
[Pre-2008 Recodification Citation: 15-5-3-4.]
As added by P.L.2-2008, SEC.10.