181.0747 Derivative proceedings; applicability. - Wisconsin Statutes

181.0747

181.0747 Derivative proceedings; applicability.

181.0747(1)

(1) To foreign corporations. In any derivative proceeding in the right of a foreign corporation, the matters covered by ss. 181.0741, 181.0742 and 181.0744 shall be governed by the laws of the jurisdiction of incorporation of the foreign corporation.

181.0747(2)

(2) To corporations without members. Unless the articles of incorporation or bylaws provided otherwise at the time of the act or omission complained of, ss. 181.0741 to 181.0746 apply to corporations without members, except that all references to "member" shall be read as "director".

181.0747 - ANNOT.

History: 1997 a. 79.