Wisconsin Statutes 181.0107 – Governing law
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The law of this state governs all of the following:
Terms Used In Wisconsin Statutes 181.0107
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
(1) The internal affairs of a corporation.
(2) The liability of a member as member and a director as director for a debt, obligation, or other liability of a corporation.