SB810,195,13 (9r) “Governing law" means, with respect to an entity, the law of the jurisdiction that collectively governs its internal affairs and the liability of the persons associated with the entity for a debt, obligation, or other liability of the entity under s. 180.0105 or the corresponding applicable law with respect to entities other than domestic corporations.

SB810,149 Section 149. 180.0103 (11g) and (11i) of the statutes are created to read:

SB810,195,17 180.0103 (11g) “Jurisdiction," used to refer to a political entity, means the United States, a state, a foreign country, or a political subdivision of a foreign country.

SB810,195,19 (11i) “Limited cooperative association" means, with respect to a Wisconsin cooperative, a cooperative organized under ch. 193.

SB810,150 Section 150. 180.0103 (11m) of the statutes is amended to read:

SB810,196,2 180.0103 (11m) “Person" includes means an individual and an entity , 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.

SB810,151 Section 151. 180.0103 (12g) of the statutes is created to read:

SB810,196,5 180.0103 (12g) “Property" means all property, whether real, personal, or mixed or tangible or intangible, or any right or interest therein.

SB810,152 Section 152 . 180.0103 (12r) of the statutes is created to read:

SB810,196,9 180.0103 (12r) “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.

SB810,153 Section 153. 180.0103 (13m) of the statutes is created to read:

SB810,196,13 180.0103 (13m) “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.

SB810,154 Section 154. 180.0103 (16m) of the statutes is created to read:

SB810,196,17 180.0103 (16m) “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.

SB810,155 Section 155. 180.0103 (17g) of the statutes is created to read:

SB810,196,19 180.0103 (17g) “Transfer" includes all of the following:

SB810,196,20 (a) An assignment.

SB810,196,21 (b) A conveyance.

SB810,196,22 (c) A sale.

SB810,196,23 (d) A lease.

SB810,196,24 (e) An encumbrance, including a mortgage or security interest.

SB810,196,25 (f) A gift.

SB810,197,1 (g) A transfer by operation of law.

SB810,156 Section 156. 180.0105 of the statutes is created to read:

SB810,197,4 180.0105 Governing law. (1) The law of this state governs all of the internal affairs of a corporation.

SB810,197,8 (2) The fact that one or more shareholders of a corporation are, or are not, subject to tax on the income of the corporation shall have no effect on the application of the law of this state under sub. (1) other than as a fact to be taken into account in the application of such law.

SB810,157 Section 157 . 180.0112 of the statutes is created to read:

SB810,197,12 180.0112 Delivery of a record. (1) Except as otherwise provided in this chapter, permissible means of delivery of a record include delivery by hand, mail, conventional commercial practice, and electronic transmission.

SB810,197,14 (2) Delivery to the department is effective only when a record is received by the department.