Wisconsin § 179.1153 Approval of domestication; amendment; abandonment.

Wisconsin Statutes

§ 179.1153 — Approval of domestication; amendment; abandonment.

Wisconsin § 179.1153

Ch. 179Uniform limited partnership law

Subch.subch. XI of ch. 179 SUBCHAPTER XI

MERGER, INTEREST EXCHANGE, CONVERSION, AND DOMESTICATION

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Bluebook

Wis. Stat. § 179.1153 (2026).

Text

179.1153 179.1153(1) (1) 179.1153(1)(a) (a) Subject to s. 179.1161 , a plan of domestication must be approved by a vote or consent of all of the following with respect to a domesticating Wisconsin limited partnership: 179.1153(1)(a)1.

1.All general partners. 179.1153(1)(a)2.

2.Partners owning a majority of the rights to receive distributions, whether as a general partner, limited partner, or both. 179.1153(1)(b) (b) A plan of domestication of a non-United States domesticating entity must be approved pursuant to the governing law of the domesticating entity. 179.1153(2) (2) Subject to s. 179.1161 and the governing law of the domesticating entity, after a plan of domestication is approved, and at any time before a domestication becomes effective, except as otherwise provided in the plan of

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179.1153
179.1153(1) (1)
179.1153(1)(a) (a) Subject to s. 179.1161 , a plan of domestication must be approved by a vote or consent of all of the following with respect to a domesticating Wisconsin limited partnership:
179.1153(1)(a)1. 1. All general partners.
179.1153(1)(a)2. 2. Partners owning a majority of the rights to receive distributions, whether as a general partner, limited partner, or both.
179.1153(1)(b) (b) A plan of domestication of a non-United States domesticating entity must be approved pursuant to the governing law of the domesticating entity.
179.1153(2) (2) Subject to s. 179.1161 and the governing law of the domesticating entity, after a plan of domestication is approved, and at any time before a domestication becomes effective, except as otherwise provided in the plan of domestication, the domesticating entity may amend the plan of domestication or abandon the domestication as provided in the plan of domestication with the same vote or consent as was required to approve the plan of domestication.
179.1153(3) (3) If, after articles of domestication have been delivered to the department for filing and before the domestication becomes effective, the plan of domestication is amended in a manner that requires an amendment to the articles of domestication or if the domestication is abandoned, a statement of amendment or abandonment, signed by the domesticating entity, must be delivered to the department for filing before the domestication becomes effective. When a statement of abandonment becomes effective, the domestication is abandoned and does not become effective. The statement of amendment or abandonment must contain all of the following:
179.1153(3)(a) (a) The name of the domesticating entity and the domesticated entity under the plan of domestication.
179.1153(3)(b) (b) The amendment to or abandonment of the articles of domestication.
179.1153(3)(c) (c) A statement that the amendment or abandonment was approved in accordance with this section.