Wisconsin § 181.1406 Known claims against dissolved corporation.

Wisconsin Statutes

§ 181.1406 — Known claims against dissolved corporation.

Wisconsin § 181.1406

Ch. 181Nonstock corporations

Subch.subch. XIV of ch. 181 SUBCHAPTER XIV

DISSOLUTION

This text of Wisconsin § 181.1406 (Known claims against dissolved corporation.) 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. § 181.1406 (2026).

Text

1406
1406(1) (1) Definition. In this section, “claim” does not include a contingent liability or a claim based on an event occurring after the effective date of dissolution.
1406(2) (2) Disposition of known claims. A dissolved corporation may dispose of the known claims against it by following the procedure described in this section.
1406(3) (3) Notice requirements. The dissolved corporation shall notify its known claimants in writing of the dissolution at any time after its effective date. The written notice shall include all of the following information:
1406(3)(a) (a) A description of the information that must be included in a claim.
1406(3)(b) (b) A mailing address where a claim may be sent.
1406(3)(c) (c) The deadline, which may not be fewer than 120 days f

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181.1406
181.1406(1) (1) Definition. In this section, “claim” does not include a contingent liability or a claim based on an event occurring after the effective date of dissolution.
181.1406(2) (2) Disposition of known claims. A dissolved corporation may dispose of the known claims against it by following the procedure described in this section.
181.1406(3) (3) Notice requirements. The dissolved corporation shall notify its known claimants in writing of the dissolution at any time after its effective date. The written notice shall include all of the following information:
181.1406(3)(a) (a) A description of the information that must be included in a claim.
181.1406(3)(b) (b) A mailing address where a claim may be sent.
181.1406(3)(c) (c) The deadline, which may not be fewer than 120 days from the effective date of the written notice, by which the dissolved corporation must receive the claim.
181.1406(3)(d) (d) The claim will be barred if not received by the deadline.
181.1406(4) (4) When claims barred. A claim against the dissolved corporation is barred if any of the following occurs:
181.1406(4)(a) (a) A claimant who is given written notice under sub. (2) does not deliver the claim to the dissolved corporation by the deadline.
181.1406(4)(b) (b) A claimant whose claim is rejected by the dissolved corporation does not commence a proceeding to enforce the claim within 90 days from the effective date of the rejection notice.