Indiana § 15-12-1-41 Membership of association in other corporations or associations

Indiana Statutes

§ 15-12-1-41 — Membership of association in other corporations or associations

Indiana·Art. 12 AGRICULTURAL ASSISTANCE·Ch. 1 Agricultural Cooperatives

An association may organize, form, operate, own, control, have an interest in, own stock of, or be a member of any corporation or corporations, or association or associations, with or without capital stock, that are engaged in:

(1)any activity in connection with the producing, marketing, selling, preserving, harvesting, drying, processing, manufacturing, canning, packing, grading, storing, transportation, handling, or use of any:

(A)agricultural products; or

(B)byproducts of any agricultural products; handled by the association or the association's patrons;

(2)any activity in connection with the manufacturing, assembling, selling, supplying, purchasing, hiring, transportation, or use of supplies, machinery, or equipment that the association or the association's patrons use; or

(3)the

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An association may organize, form, operate,
own, control, have an interest in, own stock of, or be a member of any
corporation or corporations, or association or associations, with or
without capital stock, that are engaged in:
(1) any activity in connection with the producing, marketing,
selling, preserving, harvesting, drying, processing, manufacturing,
canning, packing, grading, storing, transportation, handling, or
use of any:
(A) agricultural products; or
(B) byproducts of any agricultural products;
handled by the association or the association's patrons;
(2) any activity in connection with the manufacturing, assembling,
selling, supplying, purchasing, hiring, transportation, or use of
supplies, machinery, or equipment that the association or the
association's patrons use; or
(3) the financing of any activities described in subdivision (1) or
(2) or in performing or furnishing economic or educational
service for persons engaged in agriculture.
[Pre-2008 Recodification Citation: 15-7-1-21.]

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