Sec. 1. (a) This chapter applies to a society, an association, or a corporation:
(1) organized:
(A) for the improvement of agriculture; or
(B) to conduct fairs or agricultural exhibits; or
(2) owning or operating fairgrounds or other real estate for similar purposes.
(b) This chapter does not apply to:
(1) the state fair commission; or
(2) the property owned by the commission.