Sec. 12. Each cooperative corporation is vested with all powers necessary or requisite for the accomplishment of its corporate purpose and capable of being delegated by the general assembly of the state of Indiana; and no enumeration of particular powers granted by this chapter shall be construed to impair any general grant of power contained in this chapter, nor to limit any such grant to a power or powers of the same class or classes as those so enumerated.
Ind. Code § 8-1-17-12
General grant of powers to corporation
Known as the Rural Communications Cooperative Act
The act spans §§ 8-1-17-1 to 8-1-17-9 (34 sections).
Formerly: Acts 1951, c.193, s.12
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.