Terms Used In Wisconsin Statutes 181.0840

  • 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)    Principal officers. Unless otherwise provided in the articles of incorporation or bylaws, a corporation shall have a president, a secretary, a treasurer and such other officers as are appointed by the board.
   (2)   Assistant officers. A duly appointed officer may appoint one or more officers or assistant officers if authorized by the bylaws or the board.
   (3)   Multiple offices. The same individual may simultaneously hold more than one office in a corporation.