Wisconsin Statutes 181.0740 – Derivative proceedings; definition
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Terms Used In Wisconsin Statutes 181.0740
- 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.
In ss. 181.0740 to 181.0747, “derivative proceeding” means a civil suit in the right of a corporation or, to the extent provided in ss. 181.0741, 181.0743 and 181.0745 to 181.0747, in the right of a foreign corporation.