Section 15-12-1-42 - Joint activities with other associations(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 the cooperative and more economical performance of all or any part of the association's business.
(b) Any two (2) or more associations may, by agreement between them:(1) unite in employing and using; or(2) separately employ and use; the same personnel, methods, means, and agencies for carrying on and conducting the associations' respective businesses.
Pre-2008 Recodification Citation: 15-7-1-22.
As added by P.L. 2-2008, SEC.3.