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15-12-1-42. Joint activities with other associations

IN Code § 15-12-1-42 (2019) (N/A)
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Sec. 42. (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.]

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

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15-12-1-41. Membership of association in other corporations or associations
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15-12-1-43. Vote by existing cooperatives for governance under chapter