State Codes and Statutes

Statutes > Wisconsin > 180 > 180.1817

180.1817

180.1817 Effect of termination of statutory close corporation status.

180.1817(1)

(1) The termination of statutory close corporation status does not affect the rights of any shareholder or the corporation under an agreement or the corporation's articles of incorporation, except to the extent that the agreement or the articles of incorporation are invalid under this chapter.

180.1817(2)

(2) The corporation shall adopt bylaws if it has no bylaws on termination of statutory close corporation status.

180.1817 - ANNOT.

History: 1989 a. 303.