15-12-1-51. Admitted Foreign Cooperative Associations; Rights and Restrictions
Sec. 51. Any nonprofit cooperative association organized under the agricultural cooperative law of another state and admitted to do business in Indiana: (1) may transact business as set forth in the certificate of admission issued to the association by the secretary of state; (2) has the same rights, privileges, powers, and remedies at law or […]
15-12-1-36. Purchase of Property or Stock in Another Entity
Sec. 36. If an association that is organized under or governed by this chapter with capital stock purchases: (1) the stock; (2) any property; or (3) any interest in any property; of any person, firm, corporation, or association, the association may discharge the obligations incurred in the purchase, wholly or in part, by exchanging for […]
15-12-1-52. Governance of Certificates of Stock and Membership
Sec. 52. Certificates of stock or of membership issued, transferred, redeemed, or canceled by an association are governed by this chapter and the articles of incorporation and bylaws of the association. [Pre-2008 Recodification Citation: 15-7-1-33.] As added by P.L.2-2008, SEC.3.
15-12-1-37. Biennial Report; Contents; Form; Delivery
Sec. 37. (a) During April of every other year, each association organized or reorganized under this chapter shall prepare and file a biennial report setting forth the following information: (1) The name of the association and the state or country under whose law the association is incorporated. (2) The address of the association’s registered office […]
15-12-2-1. “Director”
Sec. 1. As used in this chapter, “director” means the director of the Indiana state department of agriculture. [Pre-2008 Recodification Citation: 15-7-2-1 part.] As added by P.L.2-2008, SEC.3. Amended by P.L.120-2008, SEC.34.
15-12-1-38. Disclosure of Financial Condition; Offense
Sec. 38. (a) If, upon receipt of a biennial report delivered under section 37 of this chapter, the secretary of state determines or has reason to believe that the association filing the report is not disclosing the association’s true financial condition or is violating this chapter, the secretary of state may require the association to […]
15-12-2-2. State Official; Trust Assets of the Rural Rehabilitation Corporation
Sec. 2. The director is designated as the state official to make application to and receive from the United States Secretary of Agriculture, or any other proper federal official, under and subject to Public Law 499, 81st Congress, approved May 3, 1950, the trust assets, either funds or property, held by the United States as […]
15-12-1-39. Application of Other Laws
Sec. 39. A law in conflict with this chapter may not be construed to apply to an association provided for in this chapter. [Pre-2008 Recodification Citation: 15-7-1-19(a).] As added by P.L.2-2008, SEC.3.
15-12-2-3. Agreements for Federal Administration
Sec. 3. (a) The director may enter into agreements with the United States Secretary of Agriculture under Section 2(f) of Public Law 499, 81st Congress, upon the terms and conditions and for periods as may be mutually agreeable, authorizing the United States Secretary of Agriculture to accept, administer, expend, and use in Indiana all or […]
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. […]