Wisconsin Statutes 181.1021 – Amendment of bylaws by directors and members
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 181.1021
- 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) By board. A corporation‘s board may amend or repeal the corporation’s bylaws or adopt new bylaws except to the extent that any of the following applies:
(a) The articles of incorporation or any other provision of this chapter reserves that power exclusively to the members.
(b) The members, in adopting, amending or repealing a particular bylaw, provide within the bylaw that the board may not amend, repeal or readopt that bylaw.
(2) By members with voting rights. A corporation’s members with voting rights may amend or repeal the corporation’s bylaws or adopt new bylaws even though the board may also amend or repeal the corporation’s bylaws or adopt new bylaws.