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

  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • agricultural products: includes horticultural, viticultural, forestry, dairy, livestock, grain, poultry, bee, and any other farm product. See Indiana Code 15-12-1-3
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • association: means any corporation organized under or governed by this chapter. See Indiana Code 15-12-1-4
  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Interrogatories: Written questions asked by one party of an opposing party, who must answer them in writing under oath; a discovery device in a lawsuit.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • member: means the following:

    Indiana Code 15-12-1-5

  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Oath: A promise to tell the truth.
  • Oath: includes "affirmation" and "to swear" includes to "affirm". See Indiana Code 1-1-4-5
  • person: includes the following:

    Indiana Code 15-12-1-6

  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Quorum: The number of legislators that must be present to do business.
  • Temporary restraining order: Prohibits a person from an action that is likely to cause irreparable harm. This differs from an injunction in that it may be granted immediately, without notice to the opposing party, and without a hearing. It is intended to last only until a hearing can be held.
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
  • Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5