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

IN Code § 15-12-1-41 (2019) (N/A)
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Sec. 41. 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.]

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

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