Wisconsin Statutes 196.78 – Voluntary dissolution
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 196.78
- Commission: means the public service commission. See Wisconsin Statutes 196.01
- 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.
- Municipality: means any town, village or city wherein property of a public utility or any part thereof is located. See Wisconsin Statutes 196.01
- Public utility: includes all of the following:
1. See Wisconsin Statutes 196.01
No corporation or limited liability company owning or operating a public utility may be dissolved unless the commission consents. The commission may consent only after hearing. The commission shall give at least 30 days’ notice to each municipality in which the public utility is operated and an opportunity to be heard to each municipality and to the stockholders in the corporation or members of a limited liability company.