{"data":{"id":"us-in/ic-8-1-17-14","jurisdiction":"us-in","citation":"IC 8-1-17-14","heading":"Sale, encumbrance, or other disposition of property","body":"Sec. 14. A local cooperative corporation may not sell, lease, exchange, mortgage, pledge, or otherwise sell all, or substantially all, of its property unless the transaction is authorized by a resolution duly adopted at a meeting of the corporation's members duly called and held as provided in section 9 of this chapter. The resolution must receive the affirmative vote of at least three-fourths (3/4) of the total number of the corporation's members who either:\n(1) are present in person and voting at the meeting; or\n(2) as authorized under section 9(g) of this chapter, cast a vote before the date of the meeting;\nand the affirmative vote of at least three-fourths (3/4) of the corporation's directors who are present at a meeting of the board of directors duly called and held as provided in the corporation's bylaws.","path":["TITLE 8. UTILITIES AND TRANSPORTATION","ARTICLE 1. UTILITIES GENERALLY","Chapter 17. Telephones─Rural Telephone Cooperative Act"],"source_url":"https://iga.in.gov/ic/2026/Title_8.html#8-1-17-14","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-04T20:08:46Z","sha256":"09287cd0ec12f189b4ab1068ee44e3c4c177c2681ade9491f448632b98f23aeb","source_id":"us-in","stale":false,"prev":"us-in/ic-8-1-17-13","next":"us-in/ic-8-1-17-15"},"notice":"GroundRules: Original legal text. Not legal advice."}