2023 Wisconsin Statutes & Annotations
Chapter 183 - Uniform limited liability company law.
183.0601 - Power to dissociate as member; wrongful dissociation.
183.0601 Power to dissociate as member; wrongful dissociation.
(1) A person has the power to dissociate as a member at any time, rightfully or wrongfully, by withdrawing as a member by express will under s. 183.0602 (1).
(2) A person's dissociation as a member is wrongful only if any of the following applies:
(a) The dissociation is in breach of an express provision of a written operating agreement.
(b) The dissociation occurs before completion of the winding up of the limited liability company and any of the following applies:
1. The person is expelled as a member by judicial order under s. 183.0602 (6).
2. The person is dissociated under s. 183.0602 (8).
(3) A person that wrongfully dissociates as a member is liable to the limited liability company and, subject to s. 183.0801, to the other members for damages caused by the dissociation. The liability is in addition to any debt, obligation, or other liability of the member to the company or the other members.
History: 2021 a. 258.
