Indiana § 23-15-12-1 Exceptions

Indiana Statutes

§ 23-15-12-1 — Exceptions

Indiana § 23-15-12-1

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 15MISCELLANEOUS PROVISIONS

Ch. 12Use of Cooperative in Business Entity Name or

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Bluebook

Ind. Code § 23-15-12-1 (2026).

Text

This chapter does not apply to:

(1)an entity that is regulated by:

(A)the office of the comptroller of the currency;

(B)the Federal Deposit Insurance Corporation;

(C)the Board of Governors of the United States Federal Reserve System;

(D)the Indiana department of financial institutions; or

(E)the National Credit Union Administration;

(2)an entity that is owned or controlled by a state chartered credit union or a federally chartered credit union;

(3)a corporation formed under IC 8-1-13;

(4)a cooperative corporation formed under IC 8-1-17;

(5)an association organized under IC 15-12-1;

(6)a mutual insurance company formed under IC 27 or the laws of another state;

(7)any state or federally organized financial institution that is mutually owned; or

(8)a nonprofit corporation organiz

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This chapter does not apply to:
(1) an entity that is regulated by:
(A) the office of the comptroller of the currency;
(B) the Federal Deposit Insurance Corporation;
(C) the Board of Governors of the United States Federal
Reserve System;
(D) the Indiana department of financial institutions; or
(E) the National Credit Union Administration;
(2) an entity that is owned or controlled by a state chartered credit
union or a federally chartered credit union;
(3) a corporation formed under IC 8-1-13;
(4) a cooperative corporation formed under IC 8-1-17;
(5) an association organized under IC 15-12-1;
(6) a mutual insurance company formed under IC 27 or the laws
of another state;
(7) any state or federally organized financial institution that is
mutually owned; or
(8) a nonprofit corporation organized as a mutual benefit
corporation formed under IC 23-17.