15-12-1-40. Limitation on the Use of the Term “Cooperative”
Sec. 40. A person, or a firm, a limited liability company, a corporation, or an association organized in Indiana after February 23, 1925, may not use the word “cooperative” as part of its corporate or other business name or title for cooperative activities of producers of agricultural products unless it has complied with this chapter. […]
15-12-1-41. Membership of Association in Other Corporations or Associations
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, […]
15-12-1-42. Joint Activities With Other Associations
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 […]
15-12-1-43. Vote by Existing Cooperatives for Governance Under Chapter
Sec. 43. (a) A corporation or an association organized under statutes in effect before February 23, 1925, may by a majority vote of its stockholders or members, elect to be governed by this chapter by: (1) limiting its stockholders or membership; and (2) adopting the other restrictions provided in this chapter. (b) The corporation or […]
15-12-1-44. Breach of Marketing Contract; Penalty; Injunction
Sec. 44. A person or corporation whose officers or employees knowingly induce or attempt to induce any member or stockholder of an association: (1) organized under this chapter; or (2) organized under any agricultural cooperative law of any other state of the United States and admitted to do business in Indiana; to breach the member’s […]
15-12-1-45. Warehouse or Elevator Operator; Breach of Marketing Contract; Penalty; Injunction
Sec. 45. (a) A person, firm, limited liability company, or corporation that: (1) operates a warehouse, an elevator, or other receiving place or deals in any agricultural products within Indiana; and (2) solicits, persuades, or permits any member of an association: (A) organized under this chapter; or (B) organized under any agricultural cooperative law of […]
15-12-1-46. Exemption From Conspiracy and Monopoly Laws; Legality of Marketing Contracts
Sec. 46. (a) An association that is organized under this chapter or that is organized under an agricultural cooperative law of another state and is admitted to do business in Indiana is not: (1) a conspiracy or a combination in restraint of trade; (2) an illegal monopoly; or (3) an attempt to: (A) lessen competition; […]
15-12-1-47. Application of Corporation Laws; Exceptions
Sec. 47. IC 23-1 and all powers and rights under IC 23-1 apply to associations organized under or governed by this chapter, except where IC 23-1 conflicts with or is inconsistent with this chapter. [Pre-2008 Recodification Citation: 15-7-1-28.] As added by P.L.2-2008, SEC.3.
15-12-1-48. Secretary of State; Fees
Sec. 48. (a) The secretary of state shall charge and collect for the benefit of the state the following fees: (1) For filing with the secretary of state the articles of incorporation of an association organized or a corporation reorganized under this chapter, five dollars ($5). (2) For filing with the secretary of state any […]
15-12-1-49. Foreign Cooperative Associations; Application for Admission
Sec. 49. (a) Any nonprofit cooperative association organized under the agricultural cooperative law of any state of the United States other than Indiana and not admitted to do business in Indiana before March 12, 1935, must submit the following to the secretary of state at the secretary of state’s office before transacting any business in […]