Sec. 42. (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.
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