180.0704 (7) Any person executing a consent may provide, whether through instruction to an agent or otherwise, that a consent to action will be effective at a future time, including a time determined upon the happening of an event, and, for purposes of this section, if evidence of such instruction or provision is provided to the corporation, such later effective time shall serve as of the date of signature. Unless otherwise provided, any such consent shall be revocable prior to its becoming effective.

180.0821 (4) Any person, whether or not then a director, may provide, whether through instruction to an agent or otherwise, that a consent to action will be effective at a future time, including a time determined upon the happening of an event, and such consent shall be considered to have been given for purposes of this section at such effective time so long as the person is then a director and did not revoke the consent prior to that time. Any such consent shall be revocable prior to its becoming effective.

258,228 Section 228. Subchapter XI (title) of chapter 180 [precedes 180.1100] of the statutes is amended to read:

180.1100 (1c) “Acquired entity" means the entity all of one or more classes or series of interests of which are acquired in an interest exchange.

(1e) “Acquiring entity" means the entity that acquires all of one or more classes or series of interests of the acquired entity in an interest exchange.

258,231 Section 231. 180.1100 (1j), (1m), (1o), (1q), (1s), (1u) and (1w) of the statutes are created to read:

180.1100 (1j) “Constituent entity" means a merging entity or a surviving entity in a merger.

(1m) “Conversion" means a transaction authorized by s. 180.1161.

(1o) “Converted entity" means the converting entity as it continues in existence after a conversion.

(1q) “Converting entity" means an entity that engages in a conversion.

(1s) “Domesticated entity" means the domesticating entity as it continues in existence after a domestication.

(1u) “Domesticating entity" means either a non-United States entity or a Wisconsin corporation that engages in a domestication.

(1w) “Domestication" means a transaction authorized by ss. 180.1171 to 180.1175.

180.1100 (2) “Domestic business entity" means a corporation, a limited liability company, as defined in s. 183.0102 (10) (8), a partnership, as defined in s. 178.0102 (11), a limited partnership, as defined in s. 179.01 (7) 179.0102 (12), or a corporation, as defined in s. 181.0103 (5).

(3) “Foreign business entity" means a foreign limited liability company, as defined in s. 183.0102 (8) (5), a foreign partnership, as defined in s. 178.0102 (6), a foreign limited partnership, as defined in s. 179.01 (4) 179.0102 (6), a foreign corporation, as defined in s. 180.0103 (9), or a foreign corporation, as defined in s. 181.0103 (13).