Wisconsin § 180.1819 Payment for shares.

Wisconsin Statutes

§ 180.1819 — Payment for shares.

Wisconsin § 180.1819

Ch. 180Business corporations

Subch.subch. XVIII of ch. 180 SUBCHAPTER XVIII

STATUTORY CLOSE CORPORATIONS

This text of Wisconsin § 180.1819 (Payment for shares.) 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. § 180.1819 (2026).

Text

1819
1819(1) (1) A compromise or forgiveness of a note or other obligation to transfer money or other property to a statutory close corporation in payment for shares is valid only if approved by all of the shareholders of the corporation, unless the articles of incorporation or a final judgment in a proceeding brought to enforce the obligation provides otherwise.
1819(2) (2) In the absence of fraud, the judgment of the persons responsible for the issuance of shares as to the value of the consideration received for shares is conclusive.

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180.1819
180.1819(1) (1) A compromise or forgiveness of a note or other obligation to transfer money or other property to a statutory close corporation in payment for shares is valid only if approved by all of the shareholders of the corporation, unless the articles of incorporation or a final judgment in a proceeding brought to enforce the obligation provides otherwise.
180.1819(2) (2) In the absence of fraud, the judgment of the persons responsible for the issuance of shares as to the value of the consideration received for shares is conclusive.