There is a newer version
of
this Section
2017 Wisconsin Statutes & Annotations
Chapter 181. Nonstock corporations.
181.0742 Derivative proceedings; demand.
Universal Citation: WI Stat § 181.0742 (2017)
181.0742 Derivative proceedings; demand. No member may commence a derivative proceeding until all of the following occur:
(1) Written demand. A written demand is made upon the corporation to take suitable action.
(2) Expiration of 90-day period. Ninety days expire from the date on which a demand under sub. (1) was made, unless the member is notified before the expiration of the 90 days that the corporation has rejected the demand or unless irreparable injury to the corporation would result by waiting for the expiration of the 90-day period.
History: 1997 a. 79.
Disclaimer: These codes may not be the most recent version. Wisconsin may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
