Wisconsin § 193.465 Limitation of director’s liability in articles or bylaws.

Wisconsin Statutes

§ 193.465 — Limitation of director’s liability in articles or bylaws.

Wisconsin § 193.465

Ch. 193Unincorporated cooperative associations

Subch.subch. IV of ch. 193 SUBCHAPTER IV

DIRECTORS AND OFFICERS

This text of Wisconsin § 193.465 (Limitation of director’s liability in articles or bylaws.) 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. § 193.465 (2026).

Text

465  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:
465(1) (1) A breach of the director’s duty of loyalty to the cooperative or its members.
465(2) (2) An act or omission not in good faith or that involves intentional misconduct or a knowing violation of law.
465(3) (3) A transaction from which the director derived an improper personal benefit.
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.
465(5) (5) A knowing viol

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193.465 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. 193.605 , or illegal distributions of cooperative assets.