Wisconsin Statutes 181.1161 – Conversion authorized
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 181.1161
- 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.
(1m) A domestic corporation may convert to another type of domestic entity, or to any type of foreign entity, pursuant to ss. 181.1161 to 181.1165 and a plan of conversion if the conversion is permitted under the governing law of the converting entity and the governing law that is to apply to the converted entity.
(2m) A foreign or domestic entity, other than a domestic corporation, may convert to a domestic corporation pursuant to ss. 181.1161 to 181.1165 and a plan of conversion if the conversion is permitted under the governing law of the converting entity and the converted entity will satisfy the definition of a corporation under this chapter immediately after the conversion.