§ 15-12-1-42 — Joint activities with other associations

(a) An association may, upon resolution
adopted by the association's board of directors:
(1) enter into all necessary and proper contracts and agreements;
and
(2) make all necessary and proper stipulations, agreements, and
contracts and arrangements with any other cooperative
corporation, association, or associations formed in Indiana or in
any other state;
for the cooperative and more economical performance of all or any part
of the association's business.
(b) Any two (2) or more associations may, by agreement between
them:
(1) unite in employing and using; or
(2) separately employ and use;
the same personnel, methods, means, and agencies for carrying on and
conducting the associations' respective businesses.
[Pre-2008 Recodification Citation: 15-7-1-22.]

Legislative History

As added by P.L.2-2008, SEC.3.