181.1007 Amendment of articles of incorporation pursuant to judicial reorganization. - Wisconsin Statutes

181.1007

181.1007 Amendment of articles of incorporation pursuant to judicial reorganization.

181.1007(1)

(1) When authorized. A corporation's articles of incorporation may be amended without board approval or approval by the members or approval required under s. 181.1030 to carry out a plan of reorganization ordered or decreed by a court of competent jurisdiction under federal statute if the articles of incorporation after amendment contain only provisions required or permitted under s. 181.0202.

181.1007(2)

(2) Filing requirement. The individual or individuals designated by the court shall deliver to the department for filing articles of amendment that include all of the following information:

181.1007(2)(a)

(a) The name of the corporation.

181.1007(2)(b)

(b) The text of each amendment approved by the court.

181.1007(2)(c)

(c) The date of the court's order or decree approving the articles of amendment.

181.1007(2)(d)

(d) The title of the reorganization proceeding in which the order or decree was entered.

181.1007(2)(e)

(e) A statement that the court had jurisdiction of the proceeding under federal statute.

181.1007(3)

(3) Applicability. This section does not apply after entry of a final decree in the reorganization proceeding even though the court retains jurisdiction of the proceeding for limited purposes unrelated to consummation of the reorganization plan.

181.1007 - ANNOT.

History: 1997 a. 79.