Indiana Code Title 8. Utilities and Transportation § 8-1-17-14

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:

and 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.