174.2 - POWERS OF A FAIR.
174.2 POWERS OF A FAIR.
A fair may annually conduct a fair event to further interest in
agriculture and to encourage the improvement of agricultural
commodities and products, livestock, articles of domestic industry,
implements, and other mechanical devices. It may offer and award
such premiums as will induce general competition.
In addition to the powers granted in this chapter, a fair shall
have the powers of a corporation not for pecuniary profit under the
laws of this state and those powers enumerated in its articles of
incorporation, such powers to be exercised before and after the
holding of a fair event.
No salary or compensation of any kind shall be paid to the
president, vice president, treasurer, or to a director of the fair
for such duties. However, the president, vice president, treasurer,
or a director of the fair may be reimbursed for actual expenses
incurred by carrying out duties under this chapter or chapter 173,
including, but not limited to attending the convention provided under
section 173.2. A person claiming expenses under this paragraph shall
be reimbursed to the same extent that a state employee is entitled to
be reimbursed for expenses. Section History: Early Form
[R60, § 1697; C73, § 1109; C97, § 1658; S13, § 1658; C24, 27, 31,
35, 39, § 2895; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81,
§ 174.2] Section History: Recent Form
91 Acts, ch 248, §9; 2004 Acts, ch 1019, §9; 2007 Acts, ch 126,
§39
Nonprofit corporations, see chapter 504