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.
Formerly: Acts 1951, c.193, s.12. As amended by P.L.49-2018, SEC.5; P.L.136-2018, SEC.75.
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