Terms Used In Wisconsin Statutes 181.0202

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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)    Required content. The articles of incorporation shall include all of the following information:
      (a)    A statement that the corporation is incorporated under this chapter.
      (b)    A corporate name for the corporation that satisfies s. 181.0401.
      (c)    The mailing address of the initial principal office of the corporation.
      (d)    The street address of the corporation’s initial registered office and the name of its initial registered agent at that office.
      (e)    The name and address of each incorporator.
      (f)    Whether or not the corporation will have members.
      (g)    If the corporation is authorized to make distributions under s. 181.1302 (4), a statement to that effect.
   (2)   Permissible content. The articles of incorporation may set forth other information, including any of the following:
      (a)    The names and addresses of the natural persons who will serve as the initial directors.
      (b)    Provisions not inconsistent with law regarding:
         1.    The purpose or purposes for which the corporation is organized.
         2.    Managing the business and regulating the affairs of the corporation.
         3.    Distributing assets on dissolution.
         4.    Defining, limiting and regulating the powers of the corporation, its board of directors and its members.
      (c)    Any provision that, under this chapter, is required or permitted to be set forth in the bylaws.
   (3)   Powers enumerated in chapter. The articles of incorporation need not include any of the corporate powers enumerated in this chapter.
   (4)   Articles supersede bylaws. If a provision of the articles of incorporation is inconsistent with a bylaw, the provision of the articles of incorporation controls.