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.]
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