178.0303 Statement of partnership authority.
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/wi/chapter-178/178-0303-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
178.0303 Statement of partnership authority.
(a)A partnership may deliver to the department for filing a statement of partnership authority.
(b)The statement of authority must include all of the following:
1. The name of the partnership.
2. If the partnership is not a limited liability partnership, the street, mailing, and e-mail addresses of its principal office.
3. If the partnership is a limited liability partnership, the street address of its registered office in this state and the name and e-mail address of its registered agent at that office.
(c)With respect to any position that exists in or with respect to the partnership, the statement of authority may state the authority, or limitations on the authority, of all persons holding the position to do any of the following:
1. Sign an instrument transferring real property held in the name of the partnership.
2. Enter into other transactions on behalf of, or otherwise act for or bind, the partnership.
(d)The statement of authority may state the authority, or limitations on the authority, of a specific person to do any of the following:
1. Sign an instrument transferring real property held in the name of the partnership.
2. Enter into other transactions on behalf of, or otherwise act for or bind, the partnership.
(2)To amend or cancel a statement of authority filed by the department, a partnership must deliver to the department for filing an amendment or cancellation stating all of the following:
(a)The name of the partnership.