§ 15-14-5-1 Application of chapter
§ 15-14-5-2 Powers to borrow money, mortgage property, and issue bonds
§ 15-14-5-3 Authority to sell property, pay obligations, and distribute proceeds to shareholders
§ 15-14-5-4 Dissolution and liquidation
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Terms Used In Indiana Code > Title 15 > Article 14 > Chapter 5 - Agricultural Societies, Associations, and Corporations

  • 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.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5