Wisconsin Statutes 180.0142 – Number of shareholders
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Terms Used In Wisconsin Statutes 180.0142
- 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
- Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
(1) For purposes of this chapter, any of the following constitute one shareholder if identified as a shareholder in a corporation‘s current record of shareholders:
(a) Three or fewer co-owners.
(b) An entity.
(c) The trustees, guardians, custodians or other fiduciaries of a single trust, estate or account.
(2) For purposes of this chapter, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.