(1) Indemnification of an individual who has incurred liability or is a party, or
is threatened to be made a party, to litigation because of the performance of a duty
to, or activity on behalf of, a limited cooperative association is governed by Title
3, Uniform Agricultural Cooperative Association Act.
(2) A limited cooperative association may purchase and maintain insurance on behalf
of any individual against liability asserted against or incurred by the individual
to the same extent and subject to the same conditions as provided by Title 3, Uniform
Agricultural Cooperative Association Act.
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