Find Laws Find Lawyers Free Legal Forms USA State Laws

WISCONSIN STATUTES AND CODES

181.1004 Class voting by members on amendments to articles of incorporation.

181.1004

181.1004 Class voting by members on amendments to articles of incorporation.

181.1004(1)

(1) When class entitled to vote. The members of a class in a corporation are entitled to vote as a class on a proposed amendment to the articles of incorporation if the amendment does any of the following:

181.1004(1)(a)

(a) Affects the rights, privileges, preferences, restrictions or conditions of that class as to voting, dissolution, redemption or transfer of memberships in a manner different than such amendment would affect another class.

181.1004(1)(b)

(b) Changes the rights, privileges, preferences, restrictions or conditions of that class as to voting, dissolution, redemption or transfer by changing the rights, privileges, preferences, restrictions or conditions of another class.

181.1004(1)(c)

(c) Increases or decreases the number of memberships authorized for that class.

181.1004(1)(e)

(e) Effects an exchange, reclassification or termination of the memberships of that class.

181.1004(2)

(2) Approval by each class required. If a class is to be divided into 2 or more classes as a result of an amendment to the articles of incorporation of a corporation, the amendment must be approved by the members of each class that would be created by the amendment.

181.1004(3)

(3) Voting requirements. Unless provided otherwise in the articles of incorporation or bylaws, if a class vote is required to approve an amendment to the articles of incorporation of a corporation, the amendment must be approved by the members of the class by two-thirds of the votes cast by the class or a majority of the voting power of the class, whichever is less.

181.1004 - ANNOT.

History: 1997 a. 79.

Wisconsin Forms by Issue

Wisconsin Bankruptcy Forms
Wisconsin Divorce Forms
Wisconsin Guardianship Forms
Wisconsin Marriage Forms
Wisconsin Name Change Forms
Wisconsin Tax Forms

Wisconsin Law

Wisconsin State Laws
    > Wisconsin Child Support
    > Wisconsin Gun Laws
    > Wisconsin Statutes
Wisconsin Tax
    > Wisconsin State Tax
Wisconsin Labor Laws
    > Job Center of Wisconsin
    > Unemployment Wisconsin
    > Wisconsin Job Search
    > Wisconsin Jobs
    > Wisconsin Unemployment Claim
Wisconsin Court
    > Wisconsin Circuit Court Access
    > Wisconsin Court Access
Wisconsin State
    > Wisconsin State Parks
Wisconsin Agencies
    > Wisconsin Department of Public Instruction
    > Wisconsin Department of Regulation and Licensing
    > Wisconsin Department of Revenue
    > Wisconsin Department of Transportation
    > Wisconsin DMV
    > Wisconsin Sex Offenders Registry

Wisconsin Court Map

Tips