Ind. Code § 23-15-12-3

Current through P.L. 171-2024

Section 23-15-12-3 - Unlawful practices

After December 31, 2017, it is unlawful for a business entity that is not a cooperative entity to:

(1) use the term:

(A) "cooperative"; or

(B) "co-op";

or a derivative of a term listed in clauses (A) and (B) as part of the name or title of the business entity if the use of the term would create a substantial likelihood of misleading the public by implying that the business entity is a cooperative entity; or

(2) advertise or represent the business entity to the public, its customers, or prospective customers:

(A) as a cooperative entity; or

(B) as an entity operating on a cooperative basis.

IC 23-15-12-3

Added by P.L. 97-2017,SEC. 3, eff. 7/1/2017.