AB566,31,105
178.0102
(11) “Partnership" or “domestic partnership" means an association
6of 2 or more persons, except to the extent provided in s. 178.0801 (6)
or organized
7under another chapter, to carry on as co-owners a business for profit whose
8governing law is the law of this state, and which is subject to this chapter, including
9an association that has become and is still subject to this chapter. The term includes
10a limited liability partnership.
AB566,21
11Section 21
. 178.0102 (14) of the statutes is amended to read:
AB566,31,1812
178.0102
(14) “Person" means an individual, business corporation, nonprofit
13or nonstock corporation, partnership, limited partnership, limited liability company,
14general cooperative association, limited cooperative association, unincorporated
15nonprofit association, statutory trust, business trust, common-law business trust,
16estate, trust, association, joint venture, public corporation, government or
17governmental subdivision, agency, or instrumentality, or any other legal or
18commercial entity.
AB566,22
19Section 22
. 178.0103 (6) (d) of the statutes is created to read:
AB566,31,2120
178.0103
(6) (d) For notices from the department, upon successful
21transmission by e-mail as provided in this chapter.
AB566,23
22Section 23
. 178.0104 of the statutes is renumbered 178.0104 (1m).
AB566,24
23Section 24
. 178.0104 (2m) and (3m) of the statutes are created to read:
AB566,32,3
1178.0104
(2m) The fact that one or more of the partners of a partnership are,
2or are not, subject to tax on the income of the partnership shall have no effect on the
3application of the law of this state under sub. (1m).
AB566,32,7
4(3m) The partnership agreement may require, consistent with applicable
5jurisdictional requirements, that any or all claims involving the application of the
6law of this state under sub. (1m) shall be brought solely and exclusively in the courts
7of this state.
AB566,25
8Section
25. 178.0105 (3) (a) of the statutes is amended to read:
AB566,32,109
178.0105
(3) (a) Vary the law applicable under ss. 178.0104
(1) (1m) (a) and
10178.0110.
AB566,26
11Section 26
. 178.0105 (3) (b) of the statutes is repealed.
AB566,27
12Section 27
. 178.0105 (3) (d) of the statutes is amended to read:
AB566,32,1713
178.0105
(3) (d) Unreasonably restrict the duties and rights under s. 178.0408,
14but the partnership agreement may impose reasonable restrictions on the
15availability and use of information obtained under that section and may define
16appropriate remedies, including liquidated damages
and security, for a breach of any
17reasonable restriction on use.
AB566,28
18Section 28
. 178.0105 (3) (f) of the statutes is amended to read:
AB566,32,2319
178.0105
(3) (f) Eliminate
, or restrict remedies for the breach of, the
20contractual obligation of good faith and fair dealing under s. 178.0409 (4), but the
21partnership agreement may
prescribe the standards, if not manifestly unreasonable,
22prescribe the standards by which the performance of the obligation is to be measured
23or restrict remedies for breach of the obligation.
AB566,29
24Section 29
. 178.0105 (3) (h) (intro.) of the statutes is amended to read:
AB566,33,2
1178.0105
(3) (h) (intro.) Relieve or exonerate a
person partner from liability for
2conduct that constitutes any of the following:
AB566,30
3Section 30
. 178.0105 (3) (n) of the statutes is amended to read:
AB566,33,74
178.0105
(3) (n) Vary the right of a partner to approve a merger, interest
5exchange, conversion, or domestication under s. 178.1123 (1), 178.1133 (1), 178.1143
6(1), or 178.1153 (1), except by written provision in the partnership agreement that
7does not impair the rights of
a the partner under s. 178.1161.
AB566,31
8Section 31
. 178.0105 (3) (np) of the statutes is created to read:
AB566,33,119
178.0105
(3) (np) Impair the rights of a partner under s. 178.1161, except to
10require that the notice of acceptance under s. 178.1161 (2) be in a record or be given
11fewer than 60, but not fewer than 10, days of receipt of the offer.
AB566,32
12Section 32
. 178.0105 (4) (c) (intro.) of the statutes is amended to read:
AB566,33,1413
178.0105
(4) (c) (intro.)
Except as provided in sub. (3) (h), if If not manifestly
14unreasonable, the partnership agreement may do any of the following:
AB566,33
15Section 33
. 178.0110 (2) (b) of the statutes is amended to read:
AB566,34,216
178.0110
(2) (b) If a partnership elects, in a manner allowed by law for
17amending the partnership agreement, to continue to be subject to ch. 178, 2013
18stats., and files with the department a statement of nonapplicability to that effect
19prior to January 1, 2018, the partnership shall not be subject to this chapter
, except
20for requirements relating to filing or obtaining copies of records with the department,
21receiving or responding to notices from the department, and complying with
22administrative rules promulgated under this chapter. Thereafter, if the partnership
23elects, in such manner, to be subject to this chapter as of any subsequent date and
24files with the department a statement of applicability to that effect, this chapter
1applies to the partnership as of the date that the statement of applicability is
2effective under s. 178.0114.
AB566,34
3Section 34
. 178.0120 (1) of the statutes is amended to read:
AB566,34,94
178.0120
(1) Subject to sub. (2) (a), the department may collect a fee for filing,
5or providing a certified copy of, a record under this chapter.
Subject to sub. (2) (a),
6the The department may
also collect charge a fee
in connection with any request
7under s. 178.0121 for providing a certified copy of any record, or for filing any record
8not identified in sub. (2) (a), pursuant to a rule promulgated under this subsection
9or s. 182.01 (4).
AB566,35
10Section 35
. 178.0120 (2) (a) of the statutes is repealed and recreated to read: