Section 15-19-1-2 - Incorporation of fair associations(a) A group of at least five (5) persons may form an incorporated company for the purpose of forming a fair association to improve the breeding and speed of stock and to promote agriculture.(b) To form a fair association described in subsection (a), a group must 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 chosen to manage the business concerns of the fair association.Pre-2008 Recodification Citation: 15-5-3-1.
As added by P.L. 2-2008, SEC.10.