Terms Used In Wisconsin Statutes 180.1837

  • 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.
  • Officers: when applied to corporations include directors and trustees. See Wisconsin Statutes 990.01
   (1)    A statutory close corporation may operate and conduct business with one or more officers.
   (2)   If an individual holds more than one office in a statutory close corporation, the individual may execute, acknowledge or verify in more than one capacity any instrument required to be executed, acknowledged or verified by the holders of 2 or more offices.