Indiana Code 15-12-1-40. Limitation on the use of the term “cooperative”
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Terms Used In Indiana Code 15-12-1-40
- agricultural products: includes horticultural, viticultural, forestry, dairy, livestock, grain, poultry, bee, and any other farm product. See Indiana Code 15-12-1-3
- association: means any corporation organized under or governed by this chapter. See Indiana Code 15-12-1-4
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- person: includes the following:
Indiana Code 15-12-1-6
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.
[Pre-2008 Recodification Citation: 15-7-1-20.]
As added by P.L.2-2008, SEC.3.