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2021 Indiana Code
Title 15. Agriculture and Animals
Article 12. Agricultural Assistance Organizations and Programs
Chapter 1. Agricultural Cooperatives
15-12-1-51. Admitted Foreign Cooperative Associations; Rights and Restrictions
Universal Citation: IN Code § 15-12-1-51 (2021)
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 in equity possessed by an association incorporated under this chapter; and
(3) is subject to the same liabilities, restrictions, duties, and penalties imposed on an association incorporated under this chapter.
[Pre-2008 Recodification Citation: 15-7-1-32.]
As added by P.L.2-2008, SEC.3.
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