183.1003 Existing purpose.
(2) Property held for a charitable purpose under the law of this state by a domestic or foreign entity immediately before a transaction under this subchapter becomes effective may not, as a result of the transaction, be diverted from the objects for which it was donated, granted, devised, or otherwise transferred. An entity that is or plans to be engaged in a transaction covered by this subchapter may apply to the circuit court for a determination regarding the transaction's compliance with cy pres or other law dealing with nondiversion of charitable assets.
(3) A bequest, devise, gift, grant, or promise contained in a will or other instrument of donation, subscription, or conveyance that is made to a merging entity which is not the surviving entity and that takes effect or remains payable after the merger inures to the surviving entity.
(4) A trust obligation that would govern property if transferred to a nonsurviving entity applies to property that is transferred to the surviving entity under this section.
History: 2021 a. 258.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 183 - Uniform limited liability company law.
183.0105 - Operating agreement; scope, function, and limitations.
183.01075 - Required information.
183.0108 - Nature, purpose, and duration of limited liability company.
183.0111 - Supplemental principles of law.
183.0113 - Reservation of name.
183.0114 - Registration of name.
183.0115 - Registered agent and registered office.
183.0116 - Change of registered agent or registered office by limited liability company.
183.0117 - Resignation of registered agent.
183.0118 - Change of name or address by registered agent.
183.0119 - Service of process, notice, or demand.
183.0120 - Delivery of record.
183.0122 - Filing fees; certified copies.
183.0201 - Formation of limited liability company; articles of organization.
183.0202 - Amendment or restatement of articles of organization.
183.0203 - Signing of records to be delivered for filing to the department.
183.0204 - Signing and filing pursuant to judicial order.
183.0205 - Liability for inaccurate information in filed record.
183.0206 - Filing requirements.
183.0207 - Effective date and time.
183.0208 - Withdrawal of filed record before effectiveness.
183.0209 - Correcting filed record.
183.0210 - Duty of department to file; review of refusal to file; delivery of record by department.
183.0211 - Certificate of status.
183.0212 - Annual report for department.
183.0301 - No agency power of member as member.
183.0302 - Statement of authority.
183.0303 - Statement of denial.
183.0304 - Liability of members and managers.
183.0402 - Form of contribution.
183.0403 - Liability for contributions.
183.0404 - Sharing of and right to distributions before dissolution.
183.0405 - Limitations on distributions.
183.0406 - Liability for improper distributions.
183.0407 - Management of limited liability company.
183.0408 - Reimbursement; indemnification; advancement; and insurance.
183.0409 - Standards of conduct for members and managers.
183.0410 - Rights to information of member, manager, and person dissociated as member.
183.0501 - Nature of transferable interest.
183.0502 - Transfer of transferable interest.
183.0504 - Power of legal representative of deceased member.
183.0601 - Power to dissociate as member; wrongful dissociation.
183.0602 - Events causing dissociation.
183.0603 - Effect of dissociation.
183.0701 - Events causing dissolution.
183.0703 - Rescinding dissolution.
183.0704 - Known claims against dissolved limited liability company.
183.0705 - Other claims against dissolved limited liability company.
183.0707 - Disposition of assets in winding up.
183.0708 - Administrative dissolution.
183.0710 - Appeal from denial of reinstatement.
183.0801 - Direct action by member.
183.0805 - Special litigation committee.
183.0806 - Proceeds and expenses.
183.0902 - Registration to do business in this state.
183.0903 - Foreign registration statement.
183.0904 - Amendment or cancellation of foreign registration statement.
183.0905 - Activities not constituting doing business.
183.0906 - Noncomplying name of foreign limited liability company.
183.0909 - Transfer of registration.
183.09101 - Grounds for termination.
183.09102 - Procedure for and effect of termination.
183.09103 - Appeal from termination.
183.0911 - Withdrawal of registration of registered foreign limited liability company.
183.0912 - Action by attorney general.
183.1002 - Relationship of this subchapter to other laws.
183.1005 - Reference to external facts.
183.1023 - Approval of merger; amendment; abandonment.
183.1024 - Filings required for merger; effective date.
183.1031 - Interest exchange authorized.
183.1032 - Plan of interest exchange.
183.1033 - Approval of interest exchange; amendment; abandonment.
183.1034 - Filings required for interest exchange; effective date.
183.1035 - Effect of interest exchange.
183.1041 - Conversion authorized.
183.1042 - Plan of conversion.
183.1043 - Approval of conversion; amendment; abandonment.
183.1044 - Filings required for conversion; effective date.
183.1045 - Effect of conversion.
183.1051 - Domestication authorized.
183.1052 - Plan of domestication.
183.1053 - Approval of domestication; amendment; abandonment.
183.1054 - Filings required for domestication; effective date.
183.1055 - Effect of domestication.
183.1061 - Restrictions on approval of mergers, interest exchanges, conversions, and domestications.
183.1101 - Uniformity of application and construction.
183.1102 - Relation to Electronic Signatures in Global and National Commerce Act.