Wisconsin Statutes 181.0622 – Purchase of memberships
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 181.0622
- 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.
A corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles of incorporation or bylaws. A corporation may not make a payment under this section that violates s. 181.1302 (1).