Wisconsin § 185.363 Reliance by directors or officers.

Wisconsin Statutes

§ 185.363 — Reliance by directors or officers.

Wisconsin § 185.363

Ch. 185Cooperatives

This text of Wisconsin § 185.363 (Reliance by directors or officers.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 185.363 (2026).

Text

363  Unless the director or officer has knowledge that makes reliance unwarranted, a director or officer, in discharging his or her duties to the cooperative, may rely on information, opinions, reports or statements, any of which may be written or oral, formal or informal, including financial statements and other financial data, if prepared or presented by any of the following:
363(1) (1) An officer or employee of the cooperative whom the director or officer believes in good faith to be reliable and competent in the matters presented.
363(2) (2) Legal counsel, certified public accountants licensed or certified under ch. 442 , or other persons as to matters the director or officer believes in good faith are within the person’s professional or expert competence.
363(3) (3) In

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185.363 Unless the director or officer has knowledge that makes reliance unwarranted, a director or officer, in discharging his or her duties to the cooperative, may rely on information, opinions, reports or statements, any of which may be written or oral, formal or informal, including financial statements and other financial data, if prepared or presented by any of the following:
185.363(1) (1) An officer or employee of the cooperative whom the director or officer believes in good faith to be reliable and competent in the matters presented.
185.363(2) (2) Legal counsel, certified public accountants licensed or certified under ch. 442 , or other persons as to matters the director or officer believes in good faith are within the person’s professional or expert competence.
185.363(3) (3) In the case of reliance by a director, a committee of the board of which the director is not a member if the director believes in good faith that the committee merits confidence.