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 […]
15-12-1-17. Board of Directors; Management of Association
Sec. 17. (a) The business and affairs of an association shall be managed by a board of directors of at least five (5) directors. Subject to this limitation, unless specifically provided in the articles of incorporation, the number of directors shall be fixed by the bylaws, except as to the number constituting the initial board […]
15-12-1-33. Officers and Director; Charges; Removal
Sec. 33. (a) A member of an association may bring charges against an officer or a director by filing the charges in writing with the secretary of the association, together with a petition that is signed by five percent (5%) of the members and that requests the removal of the officer or director. (b) The […]
15-12-1-18. Board of Directors; Election; Terms
Sec. 18. Except as otherwise provided in this chapter, the directors: (1) shall be elected by the members at the annual meeting of the members; and (2) may, if provided in the bylaws, be elected for terms of office that expire at different times. A term of office may not continue for longer than three […]