Terms Used In Wisconsin Statutes 181.0640

  • 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.
  • Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
  • Officers: when applied to corporations include directors and trustees. See Wisconsin Statutes 990.01
   (1)    Role of delegates. A corporation may provide in its articles of incorporation or bylaws that delegates have some or all of the authority of members.
   (2)   Permissible provisions. The articles of incorporation or bylaws may include provisions relating to all of the following:
      (a)    Dividing the membership into geographical or other districts or units.
      (b)    Determining the number of delegates to be elected in each district or unit. This determination may be made from time to time by the board of directors.
      (c)    The characteristics, qualifications, rights, limitations and obligations of delegates, including their selection and removal.
      (d)    Calling, noticing, holding and conducting meetings of delegates.
      (e)    Carrying on corporate activities during and between meetings of delegates.
      (f)    Providing for the election or appointment of district or unit committees and officers.