Wisconsin Statutes 199.14 – Corrupt practices and conflicts of interest
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 199.14
- Board: means the board of directors of the corporation. See Wisconsin Statutes 199.03
- Corporation: means the citizens utility board. See Wisconsin Statutes 199.03
- 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.
- Director: means any member of the board. See Wisconsin Statutes 199.03
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
(1) No person may offer or give anything of monetary value to any director, employee or agent of the corporation if the offer or gift influences, or is intended to influence, the action or judgment of the director, employee or agent of the corporation in his or her capacity as director, employee or agent of the corporation.
(2) No director, employee or agent of the corporation may solicit or accept anything of monetary value from any person if the solicitation or acceptance influences, or is intended to influence, the official action or judgment of the director, employee or agent in his or her capacity as director, employee or agent of the corporation.
(3) Any person who knowingly and willfully violates this section may be fined not more than $1,000 or imprisoned not more than 6 months or both.
(4) The board shall remove from office any director convicted under this section and shall fill such office under s. 199.06 (6) (b).