Sec. 17. A cooperative corporation shall have power out of any funds available therefor to purchase any obligations issued by it at a price not exceeding the principal amount thereof and accrued interest thereon. All obligations so purchased shall be canceled. Formerly: Acts 1951, c.193, s.17.
Purchase of own obligations
Ind. Code § 8-1-17-17, under Chapter 17. Telephones─Rural Telephone Cooperative Act.
Ind. Code § 8-1-17-17