181.0507(2)(c)(c) The department may, by rule, specify a larger fee for filing records in paper format.
181.0507(3)(3)A certified copy of a record filed by the department is conclusive evidence that the original record is on file with the department.
181.0507(4)(4)A person may not sign a document with intent that it be delivered to the department for filing, or deliver a document or cause a document to be delivered to the department for filing, if the person knows that the document is false in any material respect at the time of its delivery. Whoever violates this subsection is guilty of a Class I felony.
181.0507 HistoryHistory: 2021 a. 258.
subch. VI of ch. 181SUBCHAPTER VI
MEMBERS AND MEMBERSHIPS
181.0601181.0601Admission.
181.0601(1)(1)Criteria and procedures. The articles of incorporation or bylaws may establish criteria or procedures for admission of members.
181.0601(2)(2)Consent required. A person may not be admitted as a member without the person’s consent.
181.0601 HistoryHistory: 1997 a. 79.
181.0602181.0602Consideration and certificates. Except as provided in its articles of incorporation or bylaws, a corporation may admit members for no consideration or for such consideration as is determined by the board. A corporation may issue certificates evidencing membership in the corporation.
181.0602 HistoryHistory: 1997 a. 79.
181.0603181.0603No requirement of members. A corporation is not required to have members.
181.0603 HistoryHistory: 1997 a. 79.
181.0610181.0610Differences in rights and obligations of members. All members shall have the same rights and obligations with respect to voting, dissolution, redemption and transfer, unless the articles of incorporation or bylaws establish classes of membership with different rights or obligations. All members shall have the same rights and obligations with respect to any other matters, except as set forth in or authorized by the articles of incorporation or bylaws.
181.0610 HistoryHistory: 1997 a. 79.
181.0611181.0611Transfers.
181.0611(1)(1)When authorized. Except as set forth in or authorized by the articles of incorporation or bylaws, a member of a corporation may not transfer a membership or any right arising from a membership.
181.0611(2)(2)Adoption of restrictions. If transfer rights have been provided, no restriction on them shall be binding with respect to a member holding a membership issued before the adoption of the restriction unless the restriction is approved by the members and the affected member.
181.0611 HistoryHistory: 1997 a. 79.
181.0612181.0612Member’s liability to 3rd parties. A member of a corporation is not, as a member, personally liable for the acts, debts, liabilities or obligations of the corporation.
181.0612 HistoryHistory: 1997 a. 79.
181.0613181.0613Member’s liability for dues, assessments and fees. A member may become liable to the corporation for dues, assessments or fees. An article of incorporation or bylaw provision or a resolution adopted by the board authorizing or imposing dues, assessments or fees does not, of itself, create liability.
181.0613 HistoryHistory: 1997 a. 79.
181.0614181.0614Creditor’s action against member.
181.0614(1)(1)Final judgment required. A proceeding may not be brought by a creditor to reach the liability, if any, of a member under s. 181.0613 to the corporation unless final judgment has been rendered in favor of the creditor against the corporation.
181.0614(2)(2)Intervention and joinder. A creditor of the corporation, with or without reducing the creditor’s claim to judgment, may intervene in a creditor’s proceeding brought under sub. (1) to reach and apply unpaid amounts due the corporation. Any member who owes an amount to the corporation may be joined in the proceeding.
181.0614 HistoryHistory: 1997 a. 79.
181.0620181.0620Termination, expulsion and suspension.