35-15-104. Rights, exemptions, and privileges of out-of-state associations. An out-of-state entity that distributes its proceeds and savings according to this section or the law of the state where it is incorporated is entitled to all rights, exemptions, and privileges of a cooperative association as provided in Title 35 if it is authorized to transact business in the state as provided in Title 35, chapters 15, 16, 17, and 18.