Wisconsin Statutes 180.1905 – Business corporation law applicable
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 180.1905
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(1) Other provisions of this chapter shall be applicable to service corporations, including their organization, and service corporations shall enjoy the powers and privileges and be subject to the duties, restrictions and liabilities of other stock corporations, except as provided in ss. 180.1901 to 180.1921. A service corporation may not engage in any business other than that for which it was specifically organized and for which its charter was granted.
(2) Sections 180.1901 to 180.1921 control in the event of conflicts with any other provision of this chapter.