(1) USE OF TERM “COOPERATIVE” RESTRICTED. A business entity may not use the term “cooperative” as part of its business name or title or represent itself as a cooperative, in this state, unless the business entity is a cooperative or foreign cooperative or is organized under ch. 185.
(2) PENALTY FOR MISUSE OF TERM “COOPERATIVE”. A business entity that violates sub.
(1) may be fined not more than $250. Each day of improper use constitutes a separate offense.