Sec. 3. (a) A public benefit or religious corporation may not purchase any of the corporation's memberships or any right arising from a membership. (b) A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and under the conditions set forth in or authorized by the corporation's articles of incorporation or bylaws. A payment may not be made in violation of IC 23-17-21 . IC 23-17-9 Chapter 9. Delegates 23-17-9-1 Authority 23-17-9-2 Articles of incorporation or bylaws; provisions
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