Wis. Stat. § 193.715

Current through Acts 2023-2024, ch. 272
Section 193.715 - Contribution rights agreements
(1) CONTRIBUTION RIGHTS AGREEMENTS PERMITTED. Pursuant to s. 193.701(1) and subject to any restrictions in the articles or bylaws, a cooperative may enter into an agreement that provides a person rights to contribute goods, services, or money to the cooperative.
(2) WRITING REQUIRED; TERMS INCLUDED BY REFERENCE. A contribution rights agreement shall be in writing. Terms of the agreement may be included by reference.
(3) RESTRICTIONS ON ASSIGNMENT. Unless the articles or bylaws provide otherwise, a person may not assign, in whole or in part, that person's rights under a contribution rights agreement to a person who is not a member at the time of the assignment, unless all the members consent to the assignment in writing.

Wis. Stat. § 193.715

2005 a. 441.