Wisconsin Statutes 179.1007 – Withdrawal deemed on conversion to or merger into domestic filing entity or domestic limited liability partnership
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 179.1007
- 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.
A registered foreign limited partnership that converts to, or merges into, a domestic limited liability partnership or to or into a domestic entity whose formation requires the delivery of a record to the department for filing is deemed to have withdrawn its registration on the effective date of the conversion or merger, unless the registration is transferred to such partnership pursuant to s. 179.1009.