Terms Used In Wisconsin Statutes 180.1601

  • 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
   (1)    A corporation shall keep as permanent records any of the following that has been prepared:
      (a)    Minutes of meetings of its shareholders and board of directors.
      (b)    Records of actions taken by the shareholders or board of directors without a meeting.
      (c)    Records of actions taken by a committee of the board of directors in place of the board of directors and on behalf of the corporation.
   (2)   A corporation shall maintain appropriate accounting records.
   (3)   A corporation or its agent shall maintain a record of its shareholders, in a form that permits preparation of a list of the names and addresses of all shareholders, by class or series of shares and showing the number and class or series of shares held by each shareholder.
   (4)   A corporation shall maintain its records in written form or in another form capable of conversion into written form within a reasonable time.