Wisconsin Statutes & Annotations
Chapter 181 - Nonstock corporations.
181.1301 - Prohibited distributions.

181.1301 Prohibited distributions. Except as provided in s. 181.1302, a corporation may not make any distributions.
History: 1997 a. 79.

Structure Wisconsin Statutes & Annotations

Wisconsin Statutes & Annotations

Chapter 181 - Nonstock corporations.

181.0103 - Definitions.

181.0105 - Knowledge; notice.

181.0107 - Governing law.

181.0121 - Forms.

181.0127 - Evidentiary effect of copy of filed document.

181.0129 - Penalty for false document.

181.0141 - Notice.

181.0160 - Judicial relief.

181.0162 - Relation to electronic signatures in global and national commerce act.

181.0163 - Forum selection provisions.

181.0201 - Incorporators.

181.0202 - Articles of incorporation.

181.0203 - Incorporation.

181.0205 - Organization of corporation.

181.0206 - Bylaws.

181.0207 - Emergency bylaws.

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.

181.0301 - Purposes.

181.0302 - General powers.

181.0303 - Emergency powers.

181.0304 - Effect of unauthorized corporate acts.

181.0320 - Private foundations.

181.0330 - Offer and sale of securities.

181.0401 - Corporate name.

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.

181.0601 - Admission.

181.0602 - Consideration and certificates.

181.0603 - No requirement of members.

181.0610 - Differences in rights and obligations of members.

181.0611 - Transfers.

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.

181.0640 - Delegates.

181.0670 - Limited liability of volunteers.

181.0701 - Annual and regular meetings.

181.0702 - Special meeting.

181.0704 - Action by written consent.

181.0705 - Notice of meeting.

181.0706 - Waiver of notice.

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.

181.0724 - Proxies.

181.0725 - Cumulative voting for directors.

181.0726 - Other methods of electing directors.

181.0727 - Acceptance of instruments showing member action.

181.0730 - Voting agreements.

181.0735 - Voting power.

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.

181.0811 - Vacancies.

181.0820 - Regular and special meetings.

181.0821 - Action without meeting.

181.0822 - Call and notice of meetings.

181.0823 - Waiver of notice.

181.0824 - Quorum and voting.

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.

181.0840 - Officers.

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.

181.0883 - Insurance.

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.

181.1100 - Definitions.

181.11001 - Relationship of subchapter to other laws.

181.11002 - Existing purpose.

181.11003 - Nonexclusivity.

181.11004 - Reference to external facts.

181.1101 - Merger authorized.

181.1102 - Plan of merger.

181.1103 - Approval of merger; amendment; abandonment.

181.11045 - Filings required for merger; effective date.

181.11055 - Effect of merger.

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.

181.1601 - Corporate records.

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.

181.1701 - Applicability of chapter.

181.1703 - Saving provisions.