Wis. Stat. § 180.0740
Definitions applicable to ss
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180.0740(1)(1) “Beneficial owner” means a person whose shares are held in a voting trust or held by a nominee on the person’s behalf.
180.0740(2)(2) “Derivative proceeding” means a civil suit in the right of a domestic corporation or, to the extent provided in ss. 180.0743 and 180.0745 to 180.0747, in the right of a foreign corporation.
Notes of Decisions
Cited in 9
cases, 2000–2019 · leading case: John Doe 1 v. Archdiocese of Milwaukee
John Doe 1 v. Archdiocese of Milwaukee (2007)
“Wis. Stat. § 180.0740 (2). Accordingly, a claim against an employer for negligent supervision of an employee is derivative of an employee's wrongful act that causes injury to another, which wrongful act is alleged to have been caused by the employer's negligence.”
Ewer v. Lake Arrowhead Ass'n (2012)
“The parties agree this case law is relevant, although they disagree on how it applies to the facts of this case.”
Daniel Marx v. Richard L. Morris (2019)
“The provisions of Wis. Stat. §§ 180.0740 through 180.0747 set out details such as when a shareholder has standing to maintain a derivative *146 action, procedures the shareholder must follow, and when a court must dismiss a derivative action.”
Dickman v. Vollmer (2007)
“It also noted that Dickman had available to him various remedies short of dissolution, such as seeking an accounting or pursuing a shareholder derivative suit under Wis. Stat. §§ 180.0740 - 180.0745. ¶ 27. Moreover, dissolution does not automatically result even upon proper…”
Park Bank v. Roger E. Westburg (2013)
“0741 provides that a "shareholder or beneficial owner" may have standing to bring derivative claims of damage to a corporation, and then only if the shareholder or beneficial owner meets certain statutory requirements. Wisconsin Stat. § 180.0740(1) defines "beneficial owner" as…”
Einhorn v. Culea (2000)
“10 A derivative action is defined in Wis. Stat. § 180.0740 (2). For a discussion of derivative actions and special litigation committees, see, e.”
Albert Trostel & Sons Co. v. Notz (2008)
“2d 78, 83 (2000); see also Wis. Stat. § 180.0740 (2). 8 . Wisconsin Statutes § 130.”
Daniel Marx v. Richard L. Morris (2019)
“2017AP146 Wis. Stat. §§ 180.0740 through 180.0747 set out details such as when a shareholder has standing to maintain a derivative action, procedures the shareholder must follow, and when a court must dismiss a derivative action.”
Park Bank v. Roger E. Westburg (2013)
“0741 provides that a "shareholder or beneficial owner" may have standing to bring derivative claims of damage to a corporation, and then only if the shareholder or beneficial owner meets certain statutory requirements. Wisconsin Stat. § 180.0740(1) defines "beneficial owner" as…”
— Wis. Stat. § 180.0740(1) — 2 cases
Park Bank v. Roger E. Westburg (2013)
“0741 provides that a "shareholder or beneficial owner" may have standing to bring derivative claims of damage to a corporation, and then only if the shareholder or beneficial owner meets certain statutory requirements. Wisconsin Stat. § 180.0740(1) defines "beneficial owner" as…”
Park Bank v. Roger E. Westburg (2013)
“0741 provides that a "shareholder or beneficial owner" may have standing to bring derivative claims of damage to a corporation, and then only if the shareholder or beneficial owner meets certain statutory requirements. Wisconsin Stat. § 180.0740(1) defines "beneficial owner" as…”
— Wis. Stat. § 180.0740(2) — 1 case
Ewer v. Lake Arrowhead Ass'n (2012)
“The parties agree this case law is relevant, although they disagree on how it applies to the facts of this case.”
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