185.94 Use of term “cooperative"; penalty for improper use.
(1) The term “cooperative", or any variation thereof, may be used either by an association or by a credit union organized under ch. 186.
(2) No other person may use the term “cooperative", or any variation thereof, as part of the person's corporate or other business name or title, nor may any other person in any other manner represent himself or herself to be a cooperative. Whoever violates this subsection may be fined not more than $100. Each day of improper use constitutes a separate offense.
(3) Any cooperative may obtain an injunction against acts prohibited by sub. (2) without showing any damage to itself.
(4) Every cooperative shall use the term “cooperative" or an abbreviation thereof as part of its corporate name or affixed thereto.
History: 1985 a. 30 s. 42; 1993 a. 482.
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