Terms Used In Wisconsin Statutes 180.1530

  • 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
  • Fraud: Intentional deception resulting in injury to another.
  • State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
   (1)    Except as provided in sub. (1m), the department may bring a proceeding under s. 180.1531 to revoke the certificate of authority of a foreign corporation authorized to transact business in this state if any of the following applies:
      (a)    The foreign corporation does not have on file its annual report with the department within 4 months after it is due.
      (b)    The foreign corporation does not pay, within 4 months after they are due, any fees or penalties due the department under this chapter.
      (c)    The foreign corporation is without a registered agent or registered office in this state for at least 6 months.
      (d)    The foreign corporation does not notify the department under s. 180.1508 or 180.1509 within 6 months that its registered agent or registered office has changed, that its registered agent has resigned or that its registered office has been discontinued.
      (e)    The foreign corporation obtained its certificate of authority through fraud or its application for certificate of authority contains fraudulent or materially false information.
      (f)    The department receives a duly authenticated certificate from the secretary of state or other official having custody of corporate records in the state or country under whose law the foreign corporation is incorporated stating that it has been dissolved or disappeared as the result of a merger or other event.
      (g)    The foreign corporation violates s. 940.302 (2) or 948.051 (2).
   (1m)   If the department receives a certificate under sub. (1) (f) and a statement by the foreign corporation that the certificate is submitted by the foreign corporation to terminate its authority to transact business in this state, the department shall revoke the foreign corporation’s certificate of authority under s. 180.1531 (2) (b).
   (2)   A court may revoke under s. 946.87 the certificate of authority of a foreign corporation authorized to transact business in this state. The court shall notify the department of the action, and the department shall revoke the foreign corporation’s certificate of authority under s. 180.1531 (2) (b).