Wisconsin § 181.1201 Sale of assets in regular course of activities and mortgage of assets.

Wisconsin Statutes

§ 181.1201 — Sale of assets in regular course of activities and mortgage of assets.

Wisconsin § 181.1201

Ch. 181Nonstock corporations

Subch.subch. XII of ch. 181 SUBCHAPTER XII

SALE OF ASSETS

This text of Wisconsin § 181.1201 (Sale of assets in regular course of activities and mortgage of assets.) 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. § 181.1201 (2026).

Text

1201
1201(1) (1) Role of board. A corporation may, on the terms and conditions and for the consideration determined by the board, do any of the following:
1201(1)(a) (a) Sell, lease, exchange or otherwise dispose of all, or substantially all, of its property in the usual and regular course of its activities.
1201(1)(b) (b) Sell, lease, exchange or otherwise dispose of less than substantially all of its property whether or not in the usual and regular course of activities.
1201(1)(c) (c) Mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber any or all of its property whether or not in the usual and regular course of its activities.
1201(2) (2) Role of members. Unless required by the articles of incorporat

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181.1201
181.1201(1) (1) Role of board. A corporation may, on the terms and conditions and for the consideration determined by the board, do any of the following:
181.1201(1)(a) (a) Sell, lease, exchange or otherwise dispose of all, or substantially all, of its property in the usual and regular course of its activities.
181.1201(1)(b) (b) Sell, lease, exchange or otherwise dispose of less than substantially all of its property whether or not in the usual and regular course of activities.
181.1201(1)(c) (c) Mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber any or all of its property whether or not in the usual and regular course of its activities.
181.1201(2) (2) Role of members. Unless required by the articles of incorporation or bylaws, approval of the members or any other person of a transaction described in sub. (1) is not required.