A person is not personally liable for the acts, debts, liabilities, or obligations of a cooperative merely because of the person’s status as a member. A member is liable for any unpaid subscription for the member’s membership interest, unpaid membership fees, or any debt for which the member has separately contracted with the cooperative.
Wis. Stat. § 193.505
Member liability
Known as the Wisconsin Cooperative Associations Act
The act spans §§ 193–193 (91 sections).
2005 a. 441.
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.