204.105 Termination of benefit corporation status. A benefit corporation may terminate its status as such and cease to be subject to this chapter by amending its articles to delete the provision required by ss. 204.103 and 204.104 to be stated in the articles of a benefit corporation. Once terminated, the corporation's status as a benefit corporation may not be revived for a period of one year from the most recent date of termination of the corporation's status as a benefit corporation.
History: 2017 a. 77.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 204 - Benefit corporations.
204.101 - Application and effect of chapter.
204.103 - Formation of benefit corporations.
204.104 - Election of an existing business corporation to become a benefit corporation.
204.105 - Termination of benefit corporation status.
204.301 - Standard of conduct for directors.