Wisconsin Statutes 185.04 – Indemnification and allowance of expenses of employees and agents
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Terms Used In Wisconsin Statutes 185.04
- Articles: means the articles of incorporation of a cooperative unless the context otherwise requires. See Wisconsin Statutes 185.01
- Board: means the board of directors of a cooperative. See Wisconsin Statutes 185.01
- Bylaws: means the bylaws of a cooperative. See Wisconsin Statutes 185.01
- Contract: A legal written agreement that becomes binding when signed.
- Cooperative: means an association incorporated under this chapter. See Wisconsin Statutes 185.01
A cooperative may indemnify and allow reasonable expenses of an employee or agent who is not a director or officer to the extent provided by the articles or bylaws, by general or specific action of the board or by contract.