Wisconsin Statutes (Last Updated: January 10, 2017) |
Chapter 181. Nonstock Corporations |
SubChapter VI. MEMBERS AND MEMBERSHIPS |
Section 181.0622. Purchase of memberships.
Latest version.
- A corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles of incorporation or bylaws. A corporation may not make a payment under this section that violates s. 181.1302 (1) .