Indiana § 15-14-1-3 - Corporation powers

§ 15-14-1-3. Corporation powers

Sec. 3. A corporation incorporated under this chapter:

(1) has all the rights, powers, and privileges given to corporations by common law;

(2) may sue and be sued;

(3) may borrow and secure payment of money by:

(A) notes and mortgage; and

(B) bonds or deeds of trust upon the corporation's personal and real property; and

(4) may rent, lease, purchase, hold, sell, and convey real and personal property necessary and proper:

(A) to erect buildings; and

(B) for other purposes of a corporation organized under section 1(a) of this chapter.

[Pre-2008 Recodification Citation: 15-1-2-3.]

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