Sec. 10. (a) The corporate purpose of each local cooperative corporation shall be to render communications service to its members and to such other persons in the specific instances as expressly provided in this chapter, and no person shall become or remain a member unless such person shall use communications service supplied by such cooperative corporation and shall have complied with the terms and conditions in respect to membership contained in the bylaws of such cooperative corporation.
(b) A local cooperative corporation is one formed under this chapter for the purpose of furnishing communications service to its patrons.
Formerly: Acts 1951, c.193, s.10. As amended by P.L.59-1984, SEC.76; P.L.81-2020, SEC.9.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 1. Utilities Generally
Chapter 17. Telephones─rural Telephone Cooperative Act
8-1-17-2. Formation of Corporation
8-1-17-2.2. Telephone Cooperative Corporations Formed Before July 1, 2020
8-1-17-4. Articles of Incorporation
8-1-17-8. Board of Directors; Powers and Duties
8-1-17-10. Corporate Purpose; Local Cooperative Corporation
8-1-17-11. General Cooperative Corporation and Local Cooperative Corporation Distinguished
8-1-17-12. General Grant of Powers to Corporation
8-1-17-13. Powers of Cooperative Corporation Enumerated
8-1-17-14. Sale, Encumbrance, or Other Disposition of Property
8-1-17-15. Obligations; Authority for Issuance
8-1-17-16. Obligations; Covenants and Agreements to Secure
8-1-17-17. Purchase of Own Obligations
8-1-17-18.2. Consolidation of Corporations
8-1-17-19. Consolidation of Corporations; Transfer of Assets, Franchises, and Obligations
8-1-17-24. Principal Office; Change of Location
8-1-17-27. General Nonprofit Corporation Act; Application to Chapter
8-1-17-28. Construction of Chapter
8-1-17-29. Members Not Liable for Corporate Debts or Liabilities