Indiana Statutes

§ 8-1-17-17 — Purchase of own obligations

Indiana·Art. 1 UTILITIES GENERALLY·Ch. 17 Telephones─Rural Telephone Cooperative Act
A cooperative corporation shall have power out of any funds available therefor to purchase any obligations issued by it at a price not exceeding the principal amount thereof and accrued interest thereon. All obligations so purchased shall be canceled. Formerly: Acts 1951, c.193, s.17.

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