Wisconsin Statutes 181.0612 – Member’s liability to 3rd parties
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 181.0612
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
A member of a corporation is not, as a member, personally liable for the acts, debts, liabilities or obligations of the corporation.