Wisconsin Statutes
Wis. Stat. § 180.0826 (2026)
Reliance by directors or officers
✓ current as of July 2026
Find cases:
SyfertCases citing this section
WI-LEGdocs.legis.wisconsin.gov
JustiaChapter on Justia
CornellLII Search
CasesGoogle Scholar
180.0826180.0826 Reliance by directors or officers. Unless the director or officer has knowledge that makes reliance unwarranted, a director or officer, in discharging his or her duties to the corporation, may rely on information, opinions, reports or statements, valuation reports any of which may be written or oral, formal or informal, including financial statements, valuation reports and other financial data, if prepared or presented by any of the following:
180.0826(1)(1) An officer or employee of the corporation whom the director or officer believes in good faith to be reliable and competent in the matters presented.
180.0826(2)(2) Legal counsel, certified public accountants licensed or certified under ch. 442, or other persons as to matters that the director or officer believes in good faith are within the person’s professional or expert competence.
180.0826(3)(3) In the case of reliance by a director, a committee of the board of directors of which the director is not a member if the director believes in good faith that the committee merits confidence.
Notes of Decisions
Cited in 2
cases, 2002–2011 · leading case: Casper v. Am. Int'l South Ins., 2011 WI 81 (Wis. 2011).
Casper v. Am. Int'l South Ins., 2011 WI 81 (Wis. 2011). “" The business judgment rule is now reflected in part in Wis. Stat. § 180.0826 : Unless the director or officer has knowledge that makes reliance unwarranted, a director or officer, in *309 discharging his or her duties to the corporation, may rely on information, opinions,…”
Lane v. Sharp Packaging Sys., Inc., 2002 WI 28 (Wis. 2002). “The board of directors is entitled to rely on information prepared by legal counsel, § 180.0826(2). Thus, Wisconsin corporate law recognizes that the board of directors is entitled to legal information.”
— Wis. Stat. § 180.0826(2) — 1 case
Lane v. Sharp Packaging Sys., Inc., 2002 WI 28 (Wis. 2002). “The board of directors is entitled to rely on information prepared by legal counsel, § 180.0826(2). Thus, Wisconsin corporate law recognizes that the board of directors is entitled to legal information.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.