Wisconsin § 193.701 Authorization, form, and acceptance.

Wisconsin Statutes

§ 193.701 — Authorization, form, and acceptance.

Wisconsin § 193.701

Ch. 193Unincorporated cooperative associations

Subch.subch. VII of ch. 193 SUBCHAPTER VII

CONTRIBUTIONS, ALLOCATIONS, AND DISTRIBUTIONS

This text of Wisconsin § 193.701 (Authorization, form, and acceptance.) 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. § 193.701 (2026).

Text

701
701(1) (1) Board may authorize. If authorized by the board, a cooperative may accept contributions, make contribution agreements under s. 193.711 , and make contribution rights agreements under s. 193.715 .
701(2) (2) Permissible forms. A person may make a contribution to a cooperative by any of the following means:
701(2)(a) (a) By paying money or transferring the ownership of an interest in property to the cooperative, or performing services to or for the benefit of the cooperative.
701(2)(b) (b) Through a written obligation that is signed by the person and requires the person to pay money or transfer ownership of an interest in property to the cooperative or to perform services to or for the benefit of the cooperative.
701(3) (3) Acceptance of contributions. 

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193.701
193.701(1) (1) Board may authorize. If authorized by the board, a cooperative may accept contributions, make contribution agreements under s. 193.711 , and make contribution rights agreements under s. 193.715 .
193.701(2) (2) Permissible forms. A person may make a contribution to a cooperative by any of the following means:
193.701(2)(a) (a) By paying money or transferring the ownership of an interest in property to the cooperative, or performing services to or for the benefit of the cooperative.
193.701(2)(b) (b) Through a written obligation that is signed by the person and requires the person to pay money or transfer ownership of an interest in property to the cooperative or to perform services to or for the benefit of the cooperative.
193.701(3) (3) Acceptance of contributions. No purported contribution is to be treated as or considered to be a contribution, unless all of the following apply:
193.701(3)(a) (a) The board accepts the contribution on behalf of the cooperative and in that acceptance describes the contribution, including terms of future performance, if any, and states the value being accorded to the contribution.
193.701(3)(b) (b) The acceptance of the contribution and the contribution’s accorded value are both reflected in the required records of the cooperative.