Sec. 3. This article does not apply to: (1) an agricultural cooperative formed under IC 15-12, except for purposes of IC 23-0.5-4; (2) a business trust formed under IC 23-5-1, except for purposes of IC 23-0.5-4; (3) an insurance company formed under IC 27-1-6; or (4) a credit union formed under IC 28-7-1. As added by P.L.118-2017, SEC.5.