Statute: § 551.201(8), Wis. Stats.
Used for: Any securities of a cooperative corporation organized under ch. 185 or an unincorporated cooperative association organized under Ch. 193.
Filing requirement: Self-Executing. No filing or Consent to Service of Process is necessary in order to claim this exemption.
Frequently asked questions:
Q: Is the exemption self-executing?
A: Yes. No filing or Consent to Service of Process is required.
Q: Do securities of a non-Wisconsin cooperative qualify for this exemption?
A. No. The securities of only Wisconsin cooperatives organized under ch.185 or ch.193 qualify.
Q: Is this exemption limited to agricultural cooperatives?
A. No. The exemption does not restrict the type of activity the co-op may engage in.
History: Predecessor statute 551.201(8), Wis. Stats, adopted effective January 1, 2009, which applied to "any securities of a cooperative corporation organized under the laws of any state sold to a member of the cooperative".