181.0602 Consideration and certificates. Except as provided in its articles of incorporation or bylaws, a corporation may admit members for no consideration or for such consideration as is determined by the board. A corporation may issue certificates evidencing membership in the corporation.
History: 1997 a. 79.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 181 - Nonstock corporations.
181.0127 - Evidentiary effect of copy of filed document.
181.0129 - Penalty for false document.
181.0162 - Relation to electronic signatures in global and national commerce act.
181.0163 - Forum selection provisions.
181.0202 - Articles of incorporation.
181.0205 - Organization of corporation.
181.0208 - Filing requirements.
181.0209 - Effective date and time.
181.0210 - Withdrawal of filed record before effectiveness.
181.0211 - Correcting filed record.
181.0212 - Duty of department to file; review of refusal to file; delivery of record by department.
181.0213 - Certificate of status.
181.0214 - Annual report for department.
181.0304 - Effect of unauthorized corporate acts.
181.0320 - Private foundations.
181.0330 - Offer and sale of securities.
181.0402 - Reservation of name.
181.0403 - Registration of name.
181.0501 - Registered agent and registered office.
181.0502 - Change of registered agent or registered office.
181.0503 - Resignation of registered agent.
181.0504 - Service of process, notice, or demand.
181.0505 - Change of name or address by registered agent.
181.0506 - Delivery of record.
181.0507 - Filing fees; certified copies.
181.0602 - Consideration and certificates.
181.0603 - No requirement of members.
181.0610 - Differences in rights and obligations of members.
181.0612 - Member's liability to 3rd parties.
181.0613 - Member's liability for dues, assessments and fees.
181.0614 - Creditor's action against member.
181.0620 - Termination, expulsion and suspension.
181.0622 - Purchase of memberships.
181.0670 - Limited liability of volunteers.
181.0701 - Annual and regular meetings.
181.0704 - Action by written consent.
181.0707 - Record date; determining members entitled to notice and vote.
181.0708 - Action by written ballot.
181.0720 - Members' list for meeting.
181.0721 - Voting entitlement generally.
181.0722 - Quorum requirements.
181.0723 - Voting requirements.
181.0725 - Cumulative voting for directors.
181.0726 - Other methods of electing directors.
181.0727 - Acceptance of instruments showing member action.
181.0740 - Derivative proceedings; definition.
181.0741 - Derivative proceedings; standing.
181.0742 - Derivative proceedings; demand.
181.0743 - Derivative proceedings; stay of proceedings.
181.0744 - Derivative proceedings; dismissal.
181.0745 - Derivative proceedings; discontinuance or settlement.
181.0746 - Derivative proceedings; payment of expenses.
181.0747 - Derivative proceedings; applicability.
181.0801 - Requirement for and duties of board.
181.0802 - Qualifications of directors.
181.0803 - Number of directors.
181.0804 - Election, designation and appointment of directors.
181.0805 - Terms of directors generally.
181.0806 - Staggered terms for directors.
181.0807 - Resignation of directors.
181.0808 - Removal of directors elected by members or directors.
181.0809 - Removal of designated or appointed directors.
181.0810 - Removal of directors by judicial proceeding.
181.0820 - Regular and special meetings.
181.0821 - Action without meeting.
181.0822 - Call and notice of meetings.
181.0825 - Committees of the board.
181.0831 - Director conflict of interest.
181.0832 - Loans to directors and officers.
181.0833 - Liability for unlawful distributions.
181.0841 - Duties and authority of officers and agents.
181.0843 - Resignation and removal of officers.
181.0844 - Contract rights of officers.
181.0850 - Reliance by directors or officers.
181.0853 - Consideration of interests in addition to members' interests.
181.0855 - Limited liability of directors and officers.
181.0860 - Statements of changes in directors or principal officers.
181.0871 - Definitions applicable to indemnification and insurance provisions.
181.0872 - Mandatory indemnification.
181.0873 - Determination of right to indemnification.
181.0874 - Allowance of expenses as incurred.
181.0875 - Corporation may limit indemnification.
181.0877 - Additional rights to indemnification and allowance of expenses.
181.0879 - Court-ordered indemnification.
181.0881 - Indemnification and allowance of expenses of employees and agents.
181.0889 - Indemnification and insurance against securities law claims.
181.1001 - Authority to amend articles of incorporation.
181.1002 - Amendment of articles of incorporation by directors.
181.1003 - Amendment of articles of incorporation by directors and members.
181.1004 - Class voting by members on amendments to articles of incorporation.
181.1005 - Articles of amendment.
181.1006 - Restated articles of incorporation.
181.1007 - Amendment of articles of incorporation pursuant to judicial reorganization.
181.1008 - Effect of amendment and restatement of articles of incorporation.
181.1020 - Amendment of bylaws by directors.
181.1021 - Amendment of bylaws by directors and members.
181.1022 - Class voting by members on amendments of bylaws.
181.1030 - Approval by 3rd persons.
181.11001 - Relationship of subchapter to other laws.
181.11004 - Reference to external facts.
181.1103 - Approval of merger; amendment; abandonment.
181.11045 - Filings required for merger; effective date.
181.1108 - Bequests, devises, and gifts.
181.1131 - Interest exchange authorized.
181.1132 - Plan of interest exchange.
181.1133 - Approval of interest exchange; amendment; abandonment.
181.1134 - Filings required for interest exchange; effective date.
181.1135 - Effect of interest exchange.
181.1150 - Conversion of cooperative.
181.1161 - Conversion authorized.
181.1162 - Plan of conversion.
181.1163 - Approval of conversion; amendment; abandonment.
181.1164 - Filings required for conversion; effective date.
181.1165 - Effect of conversion.
181.1171 - Domestication authorized.
181.1172 - Plan of domestication.
181.1173 - Approval of domestication; amendment; abandonment.
181.1174 - Filings required for domestication; effective date.
181.1175 - Effect of domestication.
181.1180 - Restrictions on approval of mergers, interest exchanges, conversions, and domestications.
181.1201 - Sale of assets in regular course of activities and mortgage of assets.
181.1202 - Sale of assets other than in regular course of activities.
181.1301 - Prohibited distributions.
181.1302 - Authorized distributions.
181.1401 - Dissolution by incorporators, directors, members and 3rd persons.
181.1403 - Articles of dissolution.
181.1404 - Revocation of dissolution.
181.1405 - Effect of dissolution.
181.1406 - Known claims against dissolved corporation.
181.1407 - Survival of remedies and claims.
181.1420 - Grounds for administrative dissolution.
181.1421 - Procedure for and effect of administrative dissolution.
181.1422 - Reinstatement following administrative dissolution.
181.1423 - Appeal from denial of reinstatement.
181.1430 - Grounds for judicial dissolution.
181.1431 - Procedure for judicial dissolution.
181.1432 - Receivership or custodianship.
181.1433 - Decree of dissolution.
181.1440 - Deposit with secretary of revenue.
181.1501 - Authority to transact business required.
181.1502 - Consequences of transacting business without authority.
181.1503 - Application for certificate of authority.
181.1504 - Amended certificate of authority.
181.1505 - Effect of certificate of authority.
181.1506 - Corporate name of foreign corporation.
181.1507 - Registered office and registered agent.
181.1508 - Change of registered agent or registered office of foreign corporation.
181.1509 - Resignation of registered agent of foreign corporation.
181.1510 - Service of process, notice, or demand on foreign corporation.
181.1520 - Withdrawal of foreign corporation.
181.1530 - Grounds for revocation.
181.1531 - Procedure for and effect of revocation.
181.1532 - Appeal from revocation.
181.1602 - Inspection of records by members.
181.1603 - Scope of inspection rights.
181.1604 - Court-ordered inspection.
181.1605 - Limitations on use of membership list.
181.1620 - Financial statements for members.
181.1621 - Report of indemnification to members.