Wisconsin § 181.0742 Derivative proceedings; demand.

Wisconsin Statutes

§ 181.0742 — Derivative proceedings; demand.

Wisconsin § 181.0742

Ch. 181Nonstock corporations

Subch.subch. VII of ch. 181 SUBCHAPTER VII

MEMBER MEETINGS AND VOTING

This text of Wisconsin § 181.0742 (Derivative proceedings; demand.) 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. § 181.0742 (2026).

Text

181.0742 No member may commence a derivative proceeding until all of the following occur: 181.0742(1) (1) Written demand. A written demand is made upon the corporation to take suitable action. 181.0742(2) (2) Expiration of 90-day period. Ninety days expire from the date on which a demand under sub.

(1)was made, unless the member is notified before the expiration of the 90 days that the corporation has rejected the demand or unless irreparable injury to the corporation would result by waiting for the expiration of the 90-day period.

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181.0742 No member may commence a derivative proceeding until all of the following occur:
181.0742(1) (1) Written demand. A written demand is made upon the corporation to take suitable action.
181.0742(2) (2) Expiration of 90-day period. Ninety days expire from the date on which a demand under sub. (1) was made, unless the member is notified before the expiration of the 90 days that the corporation has rejected the demand or unless irreparable injury to the corporation would result by waiting for the expiration of the 90-day period.