Wisconsin Statutes 185.94 – Use of term “cooperative”; penalty for improper use
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Terms Used In Wisconsin Statutes 185.94
- Association: includes both cooperatives and foreign cooperatives. See Wisconsin Statutes 185.01
- Cooperative: means an association incorporated under this chapter. See Wisconsin Statutes 185.01
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
- Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
(1) The term “cooperative”, or any variation thereof, may be used either by an association or by a credit union organized under ch. 186.
(2) No other person may use the term “cooperative”, or any variation thereof, as part of the person’s corporate or other business name or title, nor may any other person in any other manner represent himself or herself to be a cooperative. Whoever violates this subsection may be fined not more than $100. Each day of improper use constitutes a separate offense.
(3) Any cooperative may obtain an injunction against acts prohibited by sub. (2) without showing any damage to itself.
(4) Every cooperative shall use the term “cooperative” or an abbreviation thereof as part of its corporate name or affixed thereto.