181.0205 Organization of corporation.
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/wi/chapter-181/181-0205-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
181.0205 Organization of corporation.
(1)Organizational meeting required.
(a)After incorporation, if initial directors are named in the articles of incorporation, the initial directors shall hold an organizational meeting, at the call of a majority of the directors, to complete the organization of the corporation by appointing officers, adopting bylaws and carrying on any other business brought before the meeting.
(b)After incorporation, if initial directors are not named in the articles of incorporation, the incorporator or incorporators shall hold an organizational meeting, at the call of a majority of the incorporators, to do any of the following:
1. Elect directors and complete the organization of the corporation.
2. Elect a board that will complete the organization of the corporation.