AB570: Bill Text

AB570,11,21 102.44 (4) Where the permanent disability is covered by ss. 102.52, 102.53, and 102.55, such sections shall govern; provided, that in no case shall the percentage of permanent total disability be taken as more than 100 per cent percent.

Note: Inserts preferred spelling for "percent."

AB570, s. 30 Section 30. 105.07 (1) of the statutes is amended to read:

AB570,12,6 105.07 (1) Each employment agent's license shall be renewed annually. The license or renewal fee shall be one per cent percent of all fees, charges, commissions, or other compensation actually received during the life of the license or renewal by an employment agent for service as such but in no event less than $50 nor more than $300. The original license and annual renewal fee for a branch office or each additional place of business in the same community shall be $150.

Note: Inserts preferred spelling for "percent."

AB570, s. 31 Section 31. 108.19 (1) of the statutes is amended to read:

AB570,12,15 108.19 (1) Each employer subject to this chapter shall regularly contribute to the administrative account at the rate of two-tenths of one per cent percent per year on its payroll, except that the department may prescribe at the close of any fiscal year such lower rates of contribution under this section, to apply to classes of employers throughout the ensuing fiscal year, as will in the department's judgment adequately finance the administration of this chapter, and as will in the department's judgment fairly represent the relative cost of the services rendered by the department to each such class.

Note: Inserts preferred spelling for "percent."

AB570, s. 32 Section 32. 139.01 (3) of the statutes is amended to read:

AB570,12,21 139.01 (3) "Intoxicating liquors" includes all ardent, spirituous, distilled or vinous liquors, liquids, or compounds, whether medicated, proprietary, patented, or not, and by whatever name called, containing one-half of one per cent percent or more of alcohol by volume, which are fit for use for beverage purposes, but does not include "fermented malt beverages" , as defined in s. 125.02.

Note: Inserts preferred spelling for "percent." Removes quotation marks and adds comma consistent with current style.

AB570, s. 33 Section 33. 139.04 (3) of the statutes is amended to read:

AB570,13,2 139.04 (3) Manufacture or sale of any beverage containing less than one-half of one per cent percent of alcohol by volume.

Note: Inserts preferred spelling for "percent."

AB570, s. 34 Section 34. 157.06 (24m) (b) 2. (intro.) of the statutes is amended to read:

AB570,13,5 157.06 (24m) (b) 2. (intro.) Any agreement under subd. 1. is subject to review and approval by all of the the following:

Note: Deletes repeated word.

AB570, s. 35 Section 35. 182.004 (7) of the statutes is amended to read:

AB570,13,15 182.004 (7) Stock shall be sold upon such terms and conditions as may be provided in the articles or bylaws of the corporation. Sections 180.0623 and 180.0640 shall not apply to corporations organized under this section, but no dividends shall be declared until a surplus fund shall have been created equal to 2 per cent percent of the paid-in preferred stock and paid-in common stock, nor shall any dividends ever be declared which will impair the capital or such surplus, and no dividend exceeding 5 per cent percent per year shall be paid except to a tenant stockholder. There shall also be annually set aside 10 per cent percent of the year's profits for the purpose of retiring preferred stock.

Note: Inserts preferred spelling for "percent."

AB570, s. 36 Section 36. 182.004 (10) of the statutes is amended to read:

AB570,13,20 182.004 (10) The directors shall receive no compensation until the surplus fund of 2 per cent percent of the capital has been set aside, and until the dividends on preferred stock have been paid, and at no time shall the compensation of directors exceed $500 each per year.

Note: Inserts preferred spelling for "percent."

AB570, s. 37 Section 37. 182.202 of the statutes is amended to read:

AB570,14,4 182.202 Mutual telecommunications company; quorum; proxies. At any meeting of the stockholders of a farmers' mutual telecommunications company, members representing 20 per cent percent of the outstanding stock, shall constitute a quorum. Any member may hold and vote the proxy of not exceeding 3 stockholders.

Note: Inserts preferred spelling for "percent."

AB570, s. 38 Section 38. 182.219 of the statutes is amended to read:

AB570,14,8 182.219 Mutual telecommunications company; dividends. No dividend in excess of 7 per cent percent of its capital shall be paid in any year by any farmers' mutual telecommunications company.

Note: Inserts preferred spelling for "percent."

AB570, s. 39 Section 39. 185.09 of the statutes is amended to read:

AB570,14,12 185.09 Promotion expense; limitation. No cooperative funds may be used, nor any stock issued, in payment of any promotion expenses in excess of 5 per cent percent of the paid-up capital stock or membership fees.

Note: Inserts preferred spelling for "percent."

AB570, s. 40 Section 40. 185.41 (3) of the statutes is amended to read:

AB570,14,21 185.41 (3) Such contract may require liquidated damages to be paid by the member in the event of a breach of the contract. Liquidated damages may be either a percentage of the value of the products, goods, or services, or a specific sum, but neither may be more than 30 per cent percent of the value of the products, goods, or services, subject to the breach. Where a specific sum is provided as liquidated damages, but such sum exceeds 30 per cent percent of the value of the products, goods, or services which are the subject of the breach, then the contract shall be construed as providing an amount equal to 30 per cent percent.

Note: Inserts preferred spelling for "percent."

AB570, s. 41 Section 41. 185.45 (2) (a) of the statutes is amended to read:

AB570,15,4 185.45 (2) (a) An amount not to exceed 5 per cent percent thereof may be set aside as an educational fund to be used in teaching or promoting cooperative organization or principles. Such funds shall for all purposes except the computation of net proceeds be deemed an expense of operation of the cooperative.

Note: Inserts preferred spelling for "percent."

AB570, s. 42 Section 42. 185.93 (4) of the statutes is amended to read:

AB570,15,12 185.93 (4) In any action brought in the right of an association by less than 3 per cent percent of the members or by holders of less than 3 per cent percent of any class of stock outstanding, the defendants may require the plaintiff to give security for the reasonable expenses of defending such action, including attorney fees. The amount of such security may thereafter be increased or decreased in the discretion of the court upon showing that the security provided is or may be inadequate or is excessive.

Note: Inserts preferred spelling for "percent."

AB570, s. 43 Section 43. 185.982 (3) of the statutes is amended to read:

AB570,15,16 185.982 (3) Promotional expenses of any such associations, including promotional expense for building or investment purposes, shall be limited to 5 per cent percent as provided in s. 185.09.

Note: Inserts preferred spelling for "percent."

AB570, s. 44 Section 44. 192.36 (3) of the statutes is amended to read:

AB570,15,22 192.36 (3) In case the railroad corporation fails to build or repair the fence within the required time,, the owner or occupant of the adjoining land may build or repair the fence and recover from the railroad corporation the cost of building or repairing with interest at the rate of 1% 1 percent per month from the time that the fence shall have been built or repaired.

Note: Deletes repeated comma inserted by 1997 Wis. Act 254 and replaces percent symbol consistent with current style. The repeated comma is not printed in the 2007-08 statutes.

AB570, s. 45 Section 45. 198.14 (4) of the statutes is amended to read:

AB570,16,11 198.14 (4) Purchases, sales, conveyances. To lease, purchase, sell, convey and mortgage the property of the district and to authorize and order all instruments, contracts, deeds or mortgages to be executed on behalf of the district by the chairperson of the board and the clerk of the district, except that the sale or lease of any public utility equipment in excess of 10 per cent percent of the book value of the utility property of the district shall be made as nearly as may be in accordance with s. 66.0817, except that the commission shall have no power to determine whether the interests of the district and the residents thereof will be best served by the sale or lease nor to fix the price and terms thereof other than to furnish the clerk of said district with its written recommendations thereon within 90 days.

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AB570, s. 46 Section 46. 218.22 (3) (L) of the statutes is amended to read:

AB570,16,13 218.22 (3) (L) Having charged interest in excess of 15 per cent percent per year.

Note: Inserts preferred spelling for "percent."

AB570, s. 47 Section 47. 218.32 (3) (L) of the statutes is amended to read:

AB570,16,15 218.32 (3) (L) Having charged interest in excess of 15 per cent percent per year.

Note: Inserts preferred spelling for "percent."

AB570, s. 48 Section 48. 220.08 (15) of the statutes is amended to read:

AB570,17,13 220.08 (15) Whenever the division, with a view of restoring the solvency of any bank of which the division has taken charge pursuant to law, shall approve a reorganization plan entered into between the depositors and unsecured creditors of such bank and the bank or reorganizers thereof, which represent 80 per cent percent of the amount of deposits and unsecured claims of such banks, then and in such case all other depositors and unsecured creditors shall be held to be subject to such agreement to the same extent and with the same effect as if they had joined in the execution thereof, and their claims shall be treated in all respects as if they had joined in the execution of such articles or reorganization plan in the event of restoration of such bank to solvency, and the reopening of the same for business. The investment board and the governing board of any county, city, village, town, drainage district, power district, school district, sewer district, or other governmental subdivision, or any commission, committee, board, or officer thereof, having any funds on deposit at the time of the closing of the bank are authorized to join in any reorganization plan, if, in the judgment of such investment board or other governing board, the reorganization plan is in the best interests of all persons concerned. All deposits made in any state bank subsequent to June 3, 1927 shall be subject to the conditions hereof.

Note: Inserts preferred spelling for "percent."

AB570, s. 49 Section 49. 225.03 of the statutes is amended to read:

AB570,17,22 225.03 Capital stock. At least 25 per cent percent of the capital stock authorized in the articles of incorporation shall be paid into the treasury of the corporation in cash before the corporation shall be authorized to transact any business other than such as relates to its organization. At least a majority of the common stock shall at all times be held by residents of this state or by persons, firms or corporations engaged in doing business therein. Common stock shall at all times be held by stockholder members who have their residences or principal places of business in not less than 36 counties in this state.

Note: Inserts preferred spelling for "percent."

AB570, s. 50 Section 50. 225.04 of the statutes is amended to read:

AB570,18,11 225.04 Directors. The corporate powers of any such corporation shall be exercised by a board of directors. The number of directors and their term of office shall be determined in a manner prescribed in the bylaws. At no time shall there be less than 5 directors. The initial board of directors shall consist of the incorporators and they shall serve until the first annual meeting. The first annual meeting shall occur at a date to be fixed by the board of directors as soon as reasonably possible after a minimum of 25 per cent percent of the capital stock of the corporation is paid into its treasury and a minimum of 10 stockholder members of the corporation have qualified as provided in s. 225.05; and such annual meeting and subsequent annual meetings shall be called and the directors shall be elected in the manner provided in the bylaws.

Note: Inserts preferred spelling for "percent."

AB570, s. 51 Section 51. 225.06 of the statutes is amended to read:

AB570,18,18 225.06 Finance. Any such corporation shall set apart as a surplus not less than 10 per cent percent of its net earnings each year until such surplus, with any unimpaired surplus paid in, shall amount to one-half of the capital stock. The surplus shall be kept to secure against losses and contingencies, and whenever it becomes impaired it shall be reimbursed in the manner provided for its accumulation.

Note: Inserts preferred spelling for "percent."

AB570, s. 52 Section 52. 340.01 (6) of the statutes is amended to read:

AB570,18,22 340.01 (6) "Business district" means the territory contiguous to a highway when 50 per cent percent or more of the frontage thereon for a distance of 300 feet or more is occupied by buildings in use for business.

Note: Inserts the preferred spelling for "percent."

AB570, s. 53 Section 53. 347.45 (2) (c) (intro.) of the statutes is amended to read:

AB570,19,9 347.45 (2) (c) (intro.) A pneumatic tire may have embedded in it wire or wire coils for improving traction on ice and snow, but such tire shall be so constructed that the per cent percentage of wire or wire coils in contact with the roadway does not exceed, after the first 1,000 miles of use or operation, 5% 5 percent of the total tire area in contact with the roadway. During the first 1,000 miles of use or operation of any such tire the wire or wire coils in contact with the roadway shall not exceed 20% 20 percent of the total tire area in contact with the roadway. Tires equipped with tungsten carbide studs shall be limited in usage and design as follows:

Note: Inserts "percentage" to correct grammar, inserts the preferred spelling for "percent," and replaces percent symbols consistent with current style.

AB570, s. 54 Section 54. 348.16 (2) of the statutes is amended to read:

AB570,19,15 348.16 (2) Except as provided in sub. (3) and s. 348.175 and subject to any modifications made by a city of the first class pursuant to s. 349.15 (3), no person, without a permit therefor, shall operate on a class "B" highway any vehicle or combination of vehicles imposing wheel, axle, group of axles, or gross weight on the highway exceeding 60 per cent percent of the weights authorized in s. 348.15 (3).

Note: Inserts preferred spelling for "percent."

AB570, s. 55 Section 55. 402.603 (2) of the statutes is amended to read:

AB570,19,21 402.603 (2) When the buyer sells goods under sub. (1), the buyer is entitled to reimbursement from the seller or out of the proceeds for reasonable expenses of caring for and selling them, and if the expenses include no selling commission then to such commission as is usual in the trade or if there is none to a reasonable sum not exceeding 10 per cent percent of the gross proceeds.

Note: Inserts preferred spelling for "percent."

AB570, s. 56 Section 56. 402.718 (2) (b) of the statutes is amended to read:

AB570,20,3 402.718 (2) (b) In the absence of such terms, 20 per cent percent of the value of the total performance for which the buyer is obligated under the contract or $500, whichever is smaller.

Note: Inserts preferred spelling for "percent."

AB570, s. 57 Section 57. 422.201 (2) (b) 1. of the statutes is amended to read:

AB570,20,6 422.201 (2) (b) 1. Eighteen per cent percent per year on that part of the unpaid balance of the amount financed which is $500 or less; and

Note: Inserts preferred spelling for "percent."

AB570, s. 58 Section 58. 422.201 (2) (b) 2. of the statutes is amended to read:

AB570,20,9 422.201 (2) (b) 2. Twelve per cent percent per year on that part of the unpaid balance of the amount financed which is more than $500.

Note: Inserts preferred spelling for "percent."