Wisconsin Statutes 180.0801 – Requirement for and duties of board of directors
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Terms Used In Wisconsin Statutes 180.0801
- 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.
(1) Except as provided in s. 180.1821, a corporation shall have a board of directors.
(2) All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, its board of directors, subject to any limitation set forth in the articles of incorporation.