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Wis. Stat. § 181.0614

Creditor’s action against member

1997 a. 79.

(1) FINAL NONSTOCK CORPORATIONS 181.070113 JUDGMENT REQUIRED. A proceeding may not be brought by a creditor to reach the liability, if any, of a member under s. 181.0613 to the corporation unless final judgment has been rendered in favor of the creditor against the corporation.

(2) INTERVENTION AND JOINDER. A creditor of the corporation, with or without reducing the creditor’s claim to judgment, may intervene in a creditor’s proceeding brought under sub.

(1) to reach and apply unpaid amounts due the corporation. Any member who owes an amount to the corporation may be joined in the proceeding.

Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.