221.0707 Dissent by shareholders and beneficial shareholders. - Wisconsin Statutes

221.0707

221.0707 Dissent by shareholders and beneficial shareholders.

221.0707(1)

(1) Partial exercise of dissenters' rights. A shareholder may assert dissenters' rights as to fewer than all of the shares registered in his or her name only if the shareholder dissents with respect to all shares beneficially owned by any one person and notifies the bank in writing of the name and address of each person on whose behalf he or she asserts dissenters' rights. The rights of a shareholder, who asserts dissenters' rights under this subsection as to fewer than all of the shares registered in his or her name, are determined as if the shares as to which he or she dissents and his or her other shares were registered in the names of different shareholders.

221.0707(2)

(2) Rights of beneficial shareholders. A beneficial shareholder may assert dissenters' rights as to shares held on his or her behalf only if the beneficial shareholder does all of the following:

221.0707(2)(a)

(a) Submits to the bank the shareholder's written consent to the dissent not later than the time that the beneficial shareholder asserts dissenters' rights.

221.0707(2)(b)

(b) Submits the consent under par. (a) with respect to all shares of which he or she is the beneficial shareholder.

221.0707 - ANNOT.

History: 1995 a. 336.