Wisconsin Statutes 234.97 – Sale or purchase of stock or interest
Current as of: 2023 | Check for updates
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Subject to s. 234.96 (1) (h), the authority shall do all of the following:
Terms Used In Wisconsin Statutes 234.97
- 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
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(1) Use any funds received from the sale of community development finance company stock or partnership interest to purchase additional stock or partnership interests.
(2) Use funds received from contributions, gifts or grants under s. 234.03 (32) to purchase community development finance company stock or partnership interests or make grants or loans to community development corporations.