2003 WISCONSIN ACT 259
An Act to renumber 181.0704 (1) and 181.0708 (1); to renumber and amend 181.0821 (1); to amend 181.0704 (2) and 181.0820 (3) (a) 1.; and to create 181.0704 (1m), 181.0708 (1m) and 181.0821 (1m) of the statutes; relating to: meetings of the board and members of nonprofit corporations.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
259,1g
Section 1g. 181.0704 (1) of the statutes is renumbered 181.0704 (1r).
259,1m
Section 1m. 181.0704 (1m) of the statutes is created to read:
181.0704 (1m) Definitions. In this section:
(a) "In writing" or "written" includes a communication that is transmitted or received by electronic means.
(b) "Sign" includes executing an electronic signature.
259,1r
Section 1r. 181.0704 (2) of the statutes is amended to read:
181.0704 (2) Record date. If not otherwise determined under s. 181.0160 or 181.0707, the record date for determining members entitled to take action without a meeting is the date on which the first member signs the consent under sub. (1) (1r).
259,1x
Section 1x. 181.0708 (1) of the statutes is renumbered 181.0708 (1r).
259,2
Section
2. 181.0708 (1m) of the statutes is created to read:
181.0708 (1m) Definition. In this section, "written ballot" includes a ballot transmitted or received by electronic means.
259,3
Section
3. 181.0820 (3) (a) 1. of the statutes is amended to read:
181.0820 (3) (a) 1. All participating directors may simultaneously hear or read each other other's communications during the meeting.
259,4
Section
4. 181.0821 (1) of the statutes is renumbered 181.0821 (1r) and amended to read:
181.0821 (1r) Method. An action required or permitted to be taken at a board meeting may be taken without a meeting if a consent in writing setting forth the action is signed by all of the directors then in office. If the articles of incorporation or bylaws so provide, an action required or permitted to be taken at a board meeting may be taken by written action signed by two-thirds of the directors then in office.
259,5
Section
5. 181.0821 (1m) of the statutes is created to read:
181.0821 (1m) Definitions. In this section:
(a) "In writing" or "written" includes a communication that is transmitted or received by electronic means.
(b) "Sign" includes executing an electronic signature.