Wisconsin § 180.0622 Liability of shareholders, transferees and others.

Wisconsin Statutes

§ 180.0622 — Liability of shareholders, transferees and others.

Wisconsin § 180.0622

Ch. 180Business corporations

Subch.subch. VI of ch. 180 SUBCHAPTER VI

SHARES AND DISTRIBUTIONS

This text of Wisconsin § 180.0622 (Liability of shareholders, transferees and others.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 180.0622 (2026).

Text

0622
0622(1) (1) A purchaser from a corporation of the corporation’s shares is not liable to the corporation or its creditors with respect to the shares except to pay the consideration for which the shares were authorized to be issued or the consideration specified in the subscription agreement entered into before incorporation.
0622(2) (2) Unless otherwise provided in the articles of incorporation, a shareholder of a corporation is not personally liable for the acts or debts of the corporation, except for a shareholder in a corporation defined under s. 71.365 (7) , and only to the extent provided for under s. 73.0306 , and except that a shareholder may become personally liable by his or her acts or conduct other than as a shareholder.
0622(3) (3) A person who becomes a tra

Free access — add to your briefcase to read the full text and ask questions with AI

180.0622
180.0622(1) (1) A purchaser from a corporation of the corporation’s shares is not liable to the corporation or its creditors with respect to the shares except to pay the consideration for which the shares were authorized to be issued or the consideration specified in the subscription agreement entered into before incorporation.
180.0622(2) (2) Unless otherwise provided in the articles of incorporation, a shareholder of a corporation is not personally liable for the acts or debts of the corporation, except for a shareholder in a corporation defined under s. 71.365 (7) , and only to the extent provided for under s. 73.0306 , and except that a shareholder may become personally liable by his or her acts or conduct other than as a shareholder.
180.0622(3) (3) A person who becomes a transferee of shares in good faith and without knowledge that the consideration determined for the shares or specified in the subscription agreement entered into before incorporation has not been paid is not personally liable for any unpaid portion of the consideration.
180.0622(4) (4)
180.0622(4)(a) (a) In this subsection, “fiduciary” means a personal representative, conservator, guardian, trustee, assignee for the benefit of creditors, or receiver.
180.0622(4)(b) (b) A fiduciary is not personally liable as a holder of or subscriber to shares of a corporation, but the estate and funds in the fiduciary’s hands are so liable. A pledgee or other holder of shares as collateral security is not personally liable as a shareholder.