Wisconsin Code § 180.1005

Amendment before issuance of shares
Open in Lexace · Ask the AI about this section
If a
corporation has not yet issued shares, its incorporators or board
of directors may adopt one or more amendments to the corporation’s articles of incorporation. Unless the amendment has been
approved by the affirmative vote or the written consent of not less
than two-thirds of the shares subscribed for, any subscriber or
shareholder who has not voted in favor of or consented to the
amendment is released from his or her subscription and is entitled to repayment of any consideration paid for his or her shares
upon application to the corporation within 10 days after notice,
under s. 180.0141, of the amendment.

‹ Prev All Wisconsin sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.