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Wis. Stat. § 183.0106

Operating agreement; effect on limited liability company and person becoming member; preformation agreement

Known as the Wisconsin Uniform Limited Liability Company Law

The act spans §§ 183–183 (113 sections).

2021 a. 258.

(1) A limited liability company is bound by and may enforce the operating agreement, whether or not the company has itself manifested assent to the operating agreement.

(2) A person that becomes a member is deemed to assent to the operating agreement.

(3) Two or more persons intending to become the initial members of a limited liability company may make an agreement providing that upon the formation of the company the agreement will become the operating agreement. One person intending to become the initial member of a limited liability company may assent to terms providing that upon the formation of the company the terms will become the operating agreement.

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