Indiana Code Title 15. Agriculture and Animals § 15-12-1-51

(1) may transact business as set forth in the certificate of admission issued to the association by the secretary of state;

(2) has the same rights, privileges, powers, and remedies at law or in equity possessed by an association incorporated under this chapter;  and

(3) is subject to the same liabilities, restrictions, duties, and penalties imposed on an association incorporated under this chapter.