Terms Used In Wisconsin Statutes 179.1102

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
   (1)    This subchapter does not authorize an act prohibited by, and does not affect the application or requirements of, law other than this subchapter.
   (2)   A transaction effected under this subchapter may not create or impair a right, duty, or obligation of a person under the law of this state, other than this subchapter, relating to a change in control, takeover, business combination, control-share acquisition, or similar transaction involving a domestic constituent, acquired, or converting entity.