(1) FILING REQUIRED. The organizers of a cooperative shall file with the department the cooperative’s original articles as specified under sub. (2), together with the statement required under s. 193.115 (2) and a statement listing the current mailing address of the cooperative. (2) CONTENT OF ARTICLES. (a) The articles shall state all of the following: 1. The name of the cooperative. 2. The purpose of the cooperative. 3. The name and address of each organizer. 4. The duration of the cooperative, if the duration is not to be perpetual. (b) The articles may contain any other lawful provision. (3) EFFECT OF PROPER FILING. Upon compliance with sub. (1), all of the following apply: (a) It is presumed that all conditions precedent to organizing the cooperative that are required to be performed by the organizers have been satisfied. (b) The cooperative is chartered by this state as a separate legal entity with perpetual duration or any other duration stated in the articles under sub. (2) (a) 4. (c) The department shall issue a certificate of organization to the cooperative. (4) CHANGE OF MAILING ADDRESS. If the mailing address of the cooperative changes, the cooperative shall file with the department a statement notifying the department of the change of address.
‹ Prev All Wisconsin sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.