Wisconsin § 193.465 - Limitation of director’s liability in articles or bylaws.
Full text of Wisconsin Wisconsin Statutes § 193.465 — Limitation of director’s liability in articles or bylaws., with citation guidance and answers to common questions.
§ 193.465. Limitation of director’s liability in articles or bylaws.
The articles or bylaws may eliminate or limit a director’s personal liability to the cooperative or its members for monetary damages for violating s. 193.455 (1) (a) , except that neither the articles nor the bylaws may eliminate or limit the liability of a director for any of the following: 193.465(1) (1) A breach of the director’s duty of loyalty to the cooperative or its members. 193.465(2) (2) An act or omission not in good faith or that involves intentional misconduct or a knowing violation of law. 193.465(3) (3) A transaction from which the director derived an improper personal benefit. 193.465(4) (4) An act or omission occurring before the date on which the provision in the articles or bylaws eliminating or limiting liability becomes effective. 193.465(5) (5) A knowing violation of ch. 408 , subject to s.
Source: official Wisconsin text · Last verified 2026-08-27
Frequently Asked Questions About Wisconsin § 193.465
What does Wisconsin Statutes § 193.465 cover?
Section 193.465 ("Limitation of director’s liability in articles or bylaws.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 193.465?
A common citation format is "Wisconsin Statutes § 193.465" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 193.465 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.