Any nonprofit cooperative association organized under the agricultural cooperative law of another state and admitted to do business in Indiana:

1. (1) may transact business as set forth in the certificate of admission issued to the association by the secretary of state;
2. (2) has the same rights, privileges, powers, and remedies at law or in equity possessed by an association incorporated under this chapter; and

3. (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.