Indiana § 15-13-3-11 - State fair subsidiary corporation
Full text of Indiana Indiana Code § 15-13-3-11 — State fair subsidiary corporation, with citation guidance and answers to common questions.
§ 15-13-3-11. State fair subsidiary corporation
Sec. 11. (a) The commission may establish a nonprofit subsidiary corporation that is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code, to solicit and accept private funding, gifts, donations, bequests, devises, and contributions.
(b) A subsidiary corporation established under this section:
(1) shall use money received under subsection (a) to carry out in any manner the purposes and programs under this article;
(2) shall report to the budget committee each year concerning:
(A) the use of money received under subsection (a); and
(B) the balances in any accounts or funds established by the subsidiary corporation; and
(3) may deposit money received under subsection (a) in an account or fund that is:
(A) administered by the subsidiary corporation; and
(B) not part of the state treasury.
(c) A subsidiary corporation established under this section is governed by a board of directors comprised of the members of the commission.
(d) Employees of the commission shall provide administrative support for a subsidiary corporation established under this section.
(e) The state board of accounts shall audit a subsidiary corporation established under this section.
As added by P.L.20-2011, SEC.2. Amended by P.L.6-2012, SEC.108; P.L.181-2015, SEC.38.
IC 15-13-4Chapter 4. Property of the Commission
15-13-4-1Title to property 15-13-4-2Fairgrounds held in trust; disposal of fairground property 15-13-4-3Disposal of real property; consent of governor 15-13-4-4Exemptions; taxes, fees, and licenses 15-13-4-5Interest in fairgrounds or property
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 15-13-3-11
What does Indiana Code § 15-13-3-11 cover?
Section 15-13-3-11 ("State fair subsidiary corporation") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 15-13-3-11?
A common citation format is "Indiana Code § 15-13-3-11" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 15-13-3-11 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.