Wisconsin § 185.01 - Definitions.

§ 185.01. Definitions.

As used in this chapter, unless the context requires otherwise, the term: 185.01(1) (1) “Articles” means the articles of incorporation of a cooperative unless the context otherwise requires. 185.01(1g) (1g) “Association” includes both cooperatives and foreign cooperatives. 185.01(1m) (1m) “Board” means the board of directors of a cooperative. 185.01(1r) (1r) “Bylaws” means the bylaws of a cooperative. 185.01(2) (2) “Cooperative” means an association incorporated under this chapter. 185.01(3) (3) “Corporation” means all corporations not associations. 185.01(3m) (3m) “Department”, except in s. 185.45 (3) (c) and (4) (b) , means the department of financial institutions. 185.01(4) (4) “Foreign cooperative” means an association incorporated under a cooperative law of another state which has members residing within this state and which is operating on the following cooperative basis: 185.01(4)(a) (a) No member of the foreign cooperative who is an individual is allowed more than one vote because of the amount of stock or membership capital the member owns therein; and 185.01(4)(b) (b) The foreign cooperative shall not deal in the products of or for nonmembers to an amount greater in value than such as are handled by it for members; and 185.01(4)(c) (c) The foreign cooperative distributes its proceeds according to either s.