Wisconsin Statutes 204.103 – Formation of benefit corporations
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Terms Used In Wisconsin Statutes 204.103
- 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.
- State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
A benefit corporation shall be formed in accordance with ch. 180, except that its articles shall also state that it is a benefit corporation.