2023 Wisconsin Statutes & Annotations
Chapter 180 - Business corporations.
180.11021 - Plan of interest exchange.
180.11021 Plan of interest exchange.
(1) The plan of interest exchange must be in a record and contain all of the following:
(a) As to both the acquiring and the acquired entity, its name, type of entity, and governing law.
(b) The terms and conditions of the exchange.
(c) The manner and basis of exchanging the interests to be acquired for interests, securities, or obligations of the surviving entity, rights to acquire such interests or securities, money, other property, or any combination of the foregoing.
(d) Any proposed amendments to the organizational documents of the acquiring or acquired entity that will take effect when the interest exchange becomes effective.
(e) Any other matters required under the governing law of any constituent entity.
(3) In addition to the requirements of sub. (1), a plan of interest exchange may contain any other provision relating to the exchange and not prohibited by law.
(4) This section does not limit the power of a corporation to acquire all or part of the interests of one or more classes or series of another constituent entity through a voluntary exchange or otherwise.
History: 1989 a. 303; 2001 a. 44; 2021 a. 258 ss. 249, 251 to 254.
