Cooperative-Issued Securities

​​​​​​​​​​Statute: Wis. Stat. s. 551.201(8)

Used for: Any securities of a cooperative corporation organized under Wis. Stat. ch. 185 or an unincorporated cooperative association organized under Wis. Stat. ch. 193

Filing requirement: Self-executing. No filing or Consent to Service of Process is necessary to claim this exemption.

Frequently asked questions:

Q: Do securities of a non-Wisconsin cooperative qualify for this exemption?

A. No. The securities of only Wisconsin cooperatives organized under Chapter 185 or Chapter 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 Wis. Stat. s. 551.201(8) 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."

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