Indiana § 15-12-1-51 Admitted foreign cooperative associations; rights and restrictions

Indiana Statutes

§ 15-12-1-51 — Admitted foreign cooperative associations; rights and restrictions

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

Any nonprofit cooperative association organized under the agricultural cooperative law of another state and admitted to do business in Indiana:

(1)may transact business as set forth in the certificate of admission issued to the association by the secretary of state;

(2)has the same rights, privileges, powers, and remedies at law or in equity possessed by an association incorporated under this chapter; and

(3)is subject to the same liabilities, restrictions, duties, and penalties imposed on an association incorporated under this chapter. [Pre-2008 Recodification Citation: 15-7-1-32.]

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Any nonprofit cooperative association
organized under the agricultural cooperative law of another state and
admitted to do business in Indiana:
(1) may transact business as set forth in the certificate of
admission issued to the association by the secretary of state;
(2) has the same rights, privileges, powers, and remedies at law
or in equity possessed by an association incorporated under this
chapter; and
(3) is subject to the same liabilities, restrictions, duties, and
penalties imposed on an association incorporated under this
chapter.
[Pre-2008 Recodification Citation: 15-7-1-32.]

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