(14m) “Limited cooperative association" means, with respect to a Wisconsin cooperative, a cooperative organized under ch. 193.
258,395
Section 395
. 181.0103 (18m) of the statutes is created to read:
181.0103 (18m) “Person" means an individual, business corporation, nonprofit or nonstock corporation, partnership, limited partnership, limited liability company, general cooperative association, limited cooperative association, unincorporated association, statutory trust, business trust, common-law business trust, estate, trust, association, joint venture, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.
258,396
Section
396. 181.0103 (19) of the statutes is amended to read:
181.0103 (19) “Principal office" means the office, whether in or outside this state, of a domestic corporation or foreign corporation in which are located its principal executive offices and, if the domestic corporation or foreign corporation has filed an annual report under s. 181.1622 181.0214, that is designated as the principal office in its most recent annual report.
258,397
Section 397
. 181.0103 (20m) and (20r) of the statutes are created to read:
181.0103 (20m) “Property" means all property, whether real, personal, or mixed or tangible or intangible, or any right or interest therein.
(20r) “Record," used as a noun, means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.
258,398
Section 398
. 181.0103 (21m) of the statutes is created to read:
181.0103 (21m) “Registered agent" means an agent of a corporation or foreign corporation that is authorized to receive service of any process, notice, or demand required or permitted by law to be served on the corporation or foreign corporation.
258,399
Section 399
. 181.0103 (23m) of the statutes is created to read:
181.0103 (23m) “State" means a state of the United States, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States.
258,400
Section 400
. 181.0103 (24m) of the statutes is created to read:
181.0103 (24m) “Transfer" includes all of the following:
(a) An assignment.
(b) A conveyance.
(c) A sale.
(d) A lease.
(e) An encumbrance, including a mortgage or security interest.
(f) A gift.
(g) A transfer by operation of law.
258,401
Section
401. 181.0105 of the statutes is created to read:
181.0105 Knowledge; notice.
(1) A person knows a fact if any of the following applies:
(a) The person has actual knowledge of the fact.
(b) The person is deemed to know the fact under law other than this chapter.
(2) A person has notice of a fact if the person has reason to know the fact from all the facts known to the person at the time in question.
(3) Subject to s. 181.0212 (7) or the law other than this chapter, a person notifies another person of a fact by taking steps reasonably required to inform the other person in ordinary course, whether or not those steps cause the other person to know the fact.
(4) This subsection applies to notice that is required under this chapter and that is made subject to this subsection by express reference to this subsection. Written notice is effective at the earliest of the following:
(a) When received.
(b) Five days after its deposit in the U.S. mail, if mailed postpaid and correctly addressed.
(c) On the date shown on the return receipt, if sent by registered or certified mail, return receipt requested, and the receipt is signed by or on behalf of the addressee.
(d) For notices from the department, upon successful transmission by e-mail as provided in this chapter.
258,402
Section
402. 181.0107 of the statutes is created to read:
181.0107 Governing law. The law of this state governs all of the following:
(1) The internal affairs of a corporation.
(2) The liability of a member as member and a director as director for a debt, obligation, or other liability of a corporation.
258,403
Section
403. 181.0120 of the statutes is repealed.
258,404
Section
404. 181.0121 (1) (a) 3. of the statutes is amended to read:
181.0121 (1) (a) 3. A domestic corporation's or foreign corporation's annual report under s. 181.1622 181.0214.
258,405
Section
405. 181.0121 (1) (a) 4. of the statutes is repealed.
258,406
Section
406. 181.0121 (1) (b) of the statutes is amended to read:
181.0121 (1) (b) The forms prescribed by the department under par. (a) 1. and 2. shall require disclosure of only the information required under ss. 181.1503, 181.1520, and 181.1622 181.0214, respectively.
258,407
Section
407. 181.0122 of the statutes is repealed.
258,408
Section 408
. 181.0123 of the statutes is renumbered 181.0209, and 181.0209 (title), (1) (a) (intro.) and (b) and (2), as renumbered, are amended to read:
181.0209 (title) Effective date and time of document. (1) (a) (intro.) Except as provided in sub. (2) or s. 181.0124 (3) or 181.1622 (5), a document
record filed by the department under this chapter is effective on the date that it is received by the department for filing and at any of the following times on that date:
(b) The date that a document is received by the department is determined by the department's endorsement on the original document under s. 181.0125 (1) 181.0212 (2).
(2) Delayed effective date and time. A document may specify a delayed effective date and time, except that the effective date may not be more than 90 days after the date that it is received for filing. If a document specifies a delayed effective date and time in accordance with this subsection, the document is effective at the time and date specified. If a delayed effective date, but no time, is specified, the document is effective at the close of business on that date.
258,409
Section
409. 181.0124 of the statutes is repealed.
258,410
Section 410
. 181.0125 of the statutes is repealed.
258,411
Section 411
. 181.0126 of the statutes is repealed.
258,412
Section
412. 181.0128 (title) of the statutes is renumbered 181.0213 (title) and amended to read:
181.0213 (title) Confirmation Certificate of status.
258,413
Section
413. 181.0128 (1) (title) of the statutes is repealed.
258,414
Section
414. 181.0128 (1) of the statutes is renumbered 181.0213 (1) and amended to read:
181.0213 (1) Any person may obtain from the department, upon request, a certificate of status for a domestic corporation or a foreign corporation.
258,415
Section
415. 181.0128 (2) (title) of the statutes is repealed.
258,416
Section
416. 181.0128 (2) of the statutes is renumbered 181.0213 (2), and 181.0213 (2) (b) 1., 3. and 5. and (c), as renumbered, are amended to read:
181.0213 (2) (b) 1. The domestic corporation is incorporated under the laws a corporation whose governing law is the law of this state, or the foreign corporation is authorized to transact business in this state.
3. The domestic corporation or foreign corporation has, during its most recently completed report year, filed with the department an annual report required by s. 181.1622 181.0214.
5. The foreign corporation has not applied filed an application for a certificate of withdrawal under s. 181.1520 and is not the subject of a proceeding under s. 181.1531 to revoke its certificate of authority (2).
(c) The domestic corporation's effective date of incorporation and the period of its duration if less than perpetual its articles of incorporation or the foreign corporation's effective date of its certificate of authority.
258,417
Section
417. 181.0128 (3) (title) of the statutes is repealed.
258,418
Section
418. 181.0128 (3) of the statutes is renumbered 181.0213 (3).
258,419
Section
419. 181.0128 (4) of the statutes is repealed.
258,420
Section
420. 181.0128 (5) (title) of the statutes is repealed.
258,421
Section
421. 181.0128 (5) of the statutes is renumbered 181.0213 (5) and amended to read:
181.0213 (5) Subject to any qualification stated in a certificate or statement of status issued by the department, the certificate or statement is conclusive evidence that the domestic corporation or foreign corporation is in existence or is authorized to transact business in this state.
258,422
Section
422. 181.0128 (6) (title) of the statutes is repealed.
258,423
Section
423. 181.0128 (6) of the statutes is renumbered 181.0213 (6).
258,424
Section
424. 181.0141 (4) of the statutes is amended to read:
181.0141 (4) Address to be used. Written notice to a domestic corporation or a foreign corporation authorized to transact business in this state may be addressed to its registered agent at its registered office or to the domestic corporation or foreign corporation at its principal office. With respect to a foreign corporation that has not yet filed an annual report under s. 181.1622 181.0214, the address of the foreign corporation's principal office may be determined from its application for a certificate of authority.
258,425
Section 425
. 181.0141 (5) of the statutes is repealed.
258,426
Section
426. 181.0162 of the statutes is created to read:
181.0162 Relation to electronic signatures in global and national commerce act. This chapter modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act, 15 USC 7001 to 7031, but does not modify, limit, or supersede section 101 (c) of that act, 15 USC 7001 (c), or authorize electronic delivery of any of the notices described in section 103 (b) of that act, 15 USC 7003 (b).
258,427
Section 427
. 181.0163 of the statutes is created to read:
181.0163 Forum selection provisions. The articles of incorporation or the bylaws may require, consistent with applicable jurisdictional requirements, that any or all claims pertaining to the internal affairs of the corporation be brought solely and exclusively in the courts in this state.
258,428
Section 428
. Subchapter II (title) of chapter 181 [precedes 181.0201] of the statutes is amended to read:
CHAPTER 181
SUBCHAPTER II
formation;
articles of INCORPORATION
and other filings
258,429
Section 429
. 181.0202 (1) (d) of the statutes is amended to read:
181.0202 (1) (d) The street address of the corporation's initial registered office and the name and e-mail address of its initial registered agent at that office.
258,430
Section
430. 181.0203 (1) of the statutes is amended to read:
181.0203 (1) When corporate existence begins. The corporate existence begins when the articles of incorporation become effective under s. 181.0123 181.0209.
258,431
Section
431. 181.0208 of the statutes is created to read:
181.0208 Filing requirements. (1) Subject to sub. (1m), to be filed by the department pursuant to this chapter, a record must be received by the department, comply with this chapter, and satisfy all of the following:
(a) The filing of the record must be required or permitted by this chapter.
(b) The record must be physically delivered in written form unless and to the extent the department permits electronic delivery of records.
(c) The words in the record must be in English, and numbers must be in Arabic or Roman numerals, but the name of an entity need not be in English if written in English letters or Arabic or Roman numerals.
(d) The record must be signed by a person authorized or required under this chapter to sign the record.
