178.1161 Restrictions on approval of mergers, interest exchanges, conversions and domestications.

178.1202 Relation to electronic signatures in global and national commerce act.

178.0101178.0101 Short title. This chapter may be cited as the “Wisconsin Uniform Partnership Law.”

178.0102(1)(1) “Business” includes every trade, occupation, and profession.

178.0102(2)(2) “Contribution,” except in the phrase “right of contribution,” means property or a benefit described in s. 178.0403 which is provided by a person to a partnership to become a partner or in the person’s capacity as a partner.

178.0102(3)(3) “Debtor in bankruptcy” means a person that is the subject of any of the following:

178.0102(3)(a)(a) An order for relief under Title 11, USC, or a comparable order under a successor statute of general application.

178.0102(3)(b)(b) A comparable order under federal, state, or foreign law governing insolvency.

178.0102(3m)(3m) “Department” means the department of financial institutions.

178.0102(4)(a)(a) Except as provided in par. (b), “distribution” means a transfer of money or other property from a partnership to a person on account of a transferable interest or in the person’s capacity as a partner. The term includes all of the following:

178.0102(4)(a)1.1. A redemption or other purchase by a partnership of a transferable interest.

178.0102(4)(a)2.2. A transfer to a partner in return for the partner’s relinquishment of any right to participate as a partner in the management or conduct of the partnership’s business or have access to records or other information concerning the partnership’s business.

178.0102(4)(b)(b) “Distribution” does not include amounts constituting reasonable compensation for present or past service, payments made in the ordinary course of business under a bona fide retirement plan or other bona fide benefits program, or other payments made to partners for good and valuable consideration other than in their capacity as partners.

178.0102(4c)(4c) “Domestic” means, with respect to an entity, an entity whose governing law is the law of this state.

178.0102(4j)(4j) “Electronic” means relating to technology having electronic, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities.

178.0102(4t)(4t) “Foreign” means, with respect to an entity, an entity whose governing law is other than the law of this state.