IC 15-12-1 – Agricultural Cooperatives | Midpage

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Indiana Code

Chapter 1

IC 15-12-1

Agricultural Cooperatives

1Purpose; legislative declaration 2Application of definitions in IC 23-1 3"Agricultural products"4"Association"5"Member"6"Person"7Associations governed as nonprofit corporations 8Eligibility to form an association 9Authorized activities 10Association; powers 11Association; membership; issuance of stock 12Articles of incorporation 13Presentation of articles of incorporation 14Association; merging, consolidating, or dissolving association; amending articles of incorporation 15Bylaws; adoption and amendment; scope 16Association; meetings; special meetings 17Board of directors; management of association 18Board of directors; election; terms 19Board of directors; districts; primary elections 20Board of directors; appointment 21Board of directors; payment; restrictions 22Executive committee; powers 23Board of directors; vacancies 24Board of directors; eligibility 25Board of directors; financial report; records 26Extension of credit 27Election of officers 28Membership certificates 29Voting stock; votes; transfer 30Distribution of dividends 31Redemption of stock 32Issuance of various classes of stock 33Officers and director; charges; removal 34Marketing contracts 35Remedies for breach of contract 36Purchase of property or stock in another entity 37Biennial report; contents; form; delivery 38Disclosure of financial condition; offense 39Application of other laws 40Limitation on the use of the term "cooperative"41Membership of association in other corporations or associations 42Joint activities with other associations 43Vote by existing cooperatives for governance under chapter 44Breach of marketing contract; penalty; injunction 45Warehouse or elevator operator; breach of marketing contract; penalty; injunction 46Exemption from conspiracy and monopoly laws; legality of marketing contracts 47Application of corporation laws; exceptions 48Secretary of state; fees 49Foreign cooperative associations; application for admission 50Foreign cooperative associations; certificate of admission 51Admitted foreign cooperative associations; rights and restrictions 52Governance of certificates of stock and membership