2021 - 2022 LEGISLATURE
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2021 SENATE BILL 566
September 15, 2021 - Introduced by Senators WIMBERGER and L. TAYLOR,
cosponsored by Representatives TUSLER, BROOKS, CABRAL-GUEVARA, DITTRICH,
GOYKE, HEBL, KNODL, MACCO, ROZAR and SKOWRONSKI. Referred to Committee
on Veterans and Military Affairs and Constitution and Federalism.
1 AN ACT to repeal 178.0105 (3) (b), 178.1123 (3) (b), 178.1133 (3) (b), 178.1143 (3)
2 (b), 178.1153 (3) (b), 178.1161 (2) (a), 180.0122 (1) (z), 180.0125 (4) (b), 180.0401
3 (2) (a) 5., 6., 7. and 8., 180.0502 (1) (c), 180.0502 (2), 180.1101 (3) (a), 180.1103
4 (title), 180.1103 (6), 180.1105 (1) (h), 180.1161 (5) (a), (b) and (c), 180.1506 (2)
5 (a) 5., 6., 7. and 8., 180.1508 (1) (a) and (b), 180.1508 (1) (f), 181.0120, 181.0121
6 (1) (a) 4., 181.0122, 181.0124, 181.0125, 181.0126, 181.0128 (1) (title), 181.0128
7 (2) (title), 181.0128 (3) (title), 181.0128 (4), 181.0128 (5) (title), 181.0128 (6)
8 (title), 181.0141 (5), 181.0401 (2) (a) 6., 7. and 8., 181.0402 (1) (title), 181.0402
9 (2) (title), 181.0501 (1) (title), 181.0501 (2) (title), 181.0501 (3) (title), 181.0502
10 (2), 181.0502 (3) (title), 181.0503 (1) (title), 181.0503 (1) (d) and (e), 181.0503
11 (2), 181.0503 (3) (title), 181.0504 (1) (title), 181.0504 (2) (title), 181.0504 (3)
12 (title), 181.1101 (1) (title), 181.1101 (2), 181.1101 (3), 181.1104, 181.1105,
13 181.1106, 181.1107, 181.1161 (1) (b), 181.1161 (2) (b), 181.1161 (3) (e), (f) and
14 (g), 181.1161 (4), (5) and (6), 181.1420 (5), 181.1506 (2) (a) 6., 7. and 8., 181.1507
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1 (1) (title), 181.1507 (2) (title), 181.1507 (3) (title), 181.1509 (1) (title), 181.1509
2 (1) (d) and (e), 181.1509 (2), 181.1509 (3) (title), 181.1510 (1) (title), 181.1510
3 (2) (title), 181.1510 (3) (title), 181.1510 (4) (title), 181.1533, 181.1622 (1),
4 181.1622 (2) (title), 181.1622 (3) (title), 181.1622 (4) (title), 181.1622 (5) and
5 612.22 (2) (a), (b), (c) and (d); to renumber 178.0104, 178.0806 (7), 180.0122 (1)
6 (a) to (ym), 180.1100 (1), 180.1103 (4) (intro.) and (a), 180.1103 (5) (title) and (a),
7 181.0128 (3), 181.0128 (6), 181.1100 (1), 181.1103 (5), 181.1103 (6), 181.1161 (3)
8 (c), 181.1622 (title) and 613.13 (3); to renumber and amend 180.0122 (1)
9 (intro.), 180.0122 (1) (yr), 180.0124 (1), 180.0125 (2) (b), 180.0501, 180.0502 (3),
10 180.1101 (2), 180.1102 (2), 180.1102 (3), 180.1102 (4), 180.1103 (1), 180.1103 (2),
11 180.1103 (3), 180.1103 (4) (b), 180.1103 (5) (b), 180.1105 (1) (i), 180.1106 (1) (am)
12 1., 180.1106 (1) (e), 180.1161 (5) (intro.), 180.1507, 180.1508 (2), 180.1531 (2) (c)
13 2., 181.0123, 181.0128 (title), 181.0128 (1), 181.0128 (2), 181.0128 (5), 181.0501
14 (intro.), 181.0501 (1), 181.0501 (2), 181.0501 (3), 181.0502 (3), 181.1103 (1),
15 181.1103 (2), 181.1103 (3), 181.1103 (4), 181.1161 (1) (a), 181.1161 (2) (a),
16 181.1161 (3) (intro.), (a) and (b), 181.1161 (3) (d), 181.1507 (intro.), 181.1507 (1),
17 181.1507 (2), 181.1507 (3), 181.1622 (2), 181.1622 (3), 181.1622 (4) and 612.22
18 (2) (intro.); to consolidate, renumber and amend 178.1161 (2) (intro.) and
19 (b), 180.0125 (4) (intro.) and (a) and 180.1101 (3) (intro.) and (b); to amend
20 11.0101 (9), 13.69 (1), 44.03 (3), 71.80 (21), 71.80 (21m), 71.80 (22), 71.80 (22m),
21 73.03 (58), 77.25 (6m), 77.25 (6q), 77.25 (6t), 77.61 (15), 97.605 (4) (a) 1., 97.67
22 (2) (c) (intro.), 108.025 (1) (b), 139.34 (9), 157.62 (1) (b) and (2) (b) 1., 2. and 7.,
23 165.68 (5) (f) 1., 178.0102 (11), 178.0102 (14), 178.0105 (3) (a), 178.0105 (3) (d),
24 178.0105 (3) (f), 178.0105 (3) (h) (intro.), 178.0105 (3) (n), 178.0105 (4) (c)
25 (intro.), 178.0110 (2) (b), 178.0120 (1), 178.0121 (title), 178.0121 (2) (a),
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1 178.0121 (2) (b) 1., 178.0121 (2) (b) 2., 178.0121 (2) (b) 3., 178.0121 (2) (b) 4.,
2 178.0121 (2) (c), 178.0301 (1), 178.0303 (1) (b) 2., 178.0303 (1) (b) 3., 178.0303
3 (2) (b), 178.0303 (2) (c), 178.0303 (2m) (a) 2., 178.0303 (2m) (a) 3., 178.0401 (3),
4 178.0401 (5), 178.0402 (2) (a), 178.0405 (3), 178.0409 (3), 178.0601 (4) (c) 2.,
5 178.0701 (5), 178.0701 (7) (d), 178.0701 (9), 178.0804 (1) (intro.), 178.0806 (3)
6 (a), 178.0807 (2) (c), 178.0807 (3) (b) 1. and 2., 178.0807 (4), 178.0808 (title),
7 178.0808 (1), 178.0808 (2) (a), 178.0809 (1), 178.0901 (3) (c), 178.0902 (1),
8 178.0902 (2), 178.0902 (5), 178.09032 (5), 178.0905 (2), 178.0908 (2), 178.0911
9 (1) (intro.), 178.0911 (1) (b), 178.0911 (1) (c), 178.0912 (1), 178.0913 (1) (b),
10 178.1003 (5), 178.1004 (intro.), 178.1004 (1), 178.1004 (4), 178.1006 (1),
11 178.1006 (2), 178.1009 (1) (c), 178.1009 (1) (f), 178.10101 (1) (d), 178.10102 (1),
12 178.10102 (2) (b), 178.1011 (1) (c), 178.1101 (16) (b), 178.1101 (16) (h), 178.1101
13 (18) (b), 178.1101 (18) (i), 178.1102 (2), 178.1123 (2), 178.1124 (1) (d) 2., 178.1124
14 (1) (f), 178.1125 (1) (f), 178.1125 (2) (a), 178.1125 (2) (b), 178.1133 (1), 178.1133
15 (2), 178.1134 (1) (d), 178.1134 (1) (f), 178.1135 (1) (a), 178.1135 (5) (a), 178.1135
16 (5) (b), 178.1141 (1), 178.1142 (1) (f), 178.1143 (1), 178.1143 (2), 178.1144 (1) (a),
17 178.1144 (1) (d), 178.1144 (1) (f), 178.1145 (1) (f), 178.1145 (2), 178.1153 (2),
18 178.1154 (1) (d), 178.1154 (1) (f), 178.1155 (1) (e), 178.1155 (1) (f), 178.1161 (1)
19 (intro.), 180.0103 (5), 180.0103 (8), 180.0103 (9), 180.0103 (11m), 180.0120 (1)
20 (intro.), 180.0120 (1) (g), 180.0120 (3) (a) (intro.), 180.0121 (1) (a) 4., 180.0122
21 (4), 180.0122 (5), 180.0123 (title), 180.0123 (1) (a) (intro.), 180.0125 (1),
22 180.0125 (4) (c), 180.0128 (2) (b) 5., 180.0141 (5) (a) (intro.), 180.0202 (1) (h),
23 180.0401 (2) (a) 2., 180.0401 (2) (a) 9., 180.0401 (3) (a), 180.0401 (4) (intro.), (a)
24 and (b), 180.0402, 180.0403 (title), 180.0403 (1) (a), 180.0403 (1) (c), 180.0502
25 (1) (intro.), 180.0503 (1) (intro.), (a), (b), (c) and (d), 180.0504 (2) (intro.), (a) and
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1 (c), 180.0504 (3), 180.0624, subchapter XI (title) of chapter 180 [precedes
2 180.1100], 180.1100 (2) and (3), 180.1101 (title), 180.1101 (1), 180.1102 (title),
3 180.1102 (1), 180.1104 (1), 180.1104 (2) (intro.) and (b), 180.1104 (3), 180.1104
4 (4), 180.11045 (1) (a), 180.1105 (title), 180.1105 (1) (intro.), 180.1105 (1) (am),
5 180.1105 (1) (bm), 180.1105 (1) (cm), 180.1105 (1) (dm), 180.1105 (1) (e),
6 180.1105 (1) (f), 180.1105 (1) (g), 180.1105 (2), 180.1106 (title), 180.1106 (1)
7 (intro.), 180.1106 (1) (a), 180.1106 (1) (am) 2., 180.1106 (1) (b), 180.1106 (1) (c),
8 180.1106 (1) (d), 180.1106 (1) (f), 180.1106 (2), 180.1106 (3), 180.1130 (2) (a),
9 180.1130 (3) (a) (intro.), 180.1130 (3) (a) 2., 180.1140 (4) (a) (intro.), 180.1140 (4)
10 (a) 2., 180.1140 (4) (e) 3., 180.1150 (3) (e), 180.1150 (4) (f), 180.1161 (1), 180.1161
11 (2), 180.1161 (3) (intro.), (a), (b), (d) and (e), 180.1161 (4) (intro.) and (a) 1.,
12 180.1161 (4) (b), (c) and (d), 180.1161 (6), 180.1301 (2), 180.1302 (1) (a) 1.,
13 180.1302 (1) (a) 3. c., 180.1302 (1) (a) 3. d., 180.1302 (1) (b), 180.1330 (2),
14 180.1407 (1) (intro.) and (b), 180.1421 (1), 180.1421 (2), 180.1421 (2m) (a),
15 180.1422 (3), 180.1423 (2), 180.1503 (1) (e), 180.1506 (2) (a) 2., 180.1506 (2) (a)
16 9., 180.1506 (2) (b), 180.1506 (3) (a), 180.1506 (4) (intro.), (a) and (b), 180.1508
17 (1) (intro.), 180.1508 (1) (d), 180.1509 (1) (intro.), (a), (b), (c) and (d), 180.1510
18 (4) (a) (intro.), 180.1520 (2) (c), 180.1530 (1) (a), (d), (e) and (f), 180.1531 (1),
19 180.1531 (2) (a), 180.1531 (2) (b), 180.1531 (2) (c) 1. (intro.), 180.1531 (2m) (a),
20 180.1532 (1), 180.1622 (1) (intro.), (b), (c) and (d), 180.1622 (2), 180.1706 (1),
21 180.1706 (2) (intro.), 180.1707 (1), 180.1708 (5), 180.1805 (5), 180.1813 (title),
22 180.1813 (1), 181.0103 (5), 181.0103 (12), 181.0103 (13), 181.0103 (19),
23 181.0121 (1) (a) 3., 181.0121 (1) (b), 181.0141 (4), subchapter II (title) of chapter
24 181 [precedes 181.0201], 181.0202 (1) (d), 181.0203 (1), 181.0401 (1) (a) 1.,
25 181.0401 (2) (a) 3., 181.0401 (2) (a) 9., 181.0401 (3) (a), 181.0401 (4) (intro.), (a)
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1 and (b), 181.0402 (title), 181.0402 (1), 181.0402 (2), 181.0403 (title), 181.0403
2 (1) (a), 181.0403 (1) (c), 181.0501 (title), 181.0502 (title), 181.0503 (1) (intro.),
3 (a) and (b), 181.0503 (1) (c), 181.0503 (3) (intro.), 181.0504 (title), 181.0504 (1),
4 181.0504 (2) (intro.), (a) and (c), 181.0504 (3), 181.0670 (2) (d), 181.0705 (2),
5 181.0705 (3) (b), 181.0809 (2) (c), subchapter XI (title) of chapter 181 [precedes
6 181.1100], 181.1100 (2), 181.1100 (3), 181.1101 (1), 181.1161 (title), 181.1421
7 (1), 181.1421 (4), 181.1422 (3), 181.1423 (2), 181.1503 (1) (e), 181.1506 (2) (a) 3.,
8 181.1506 (2) (a) 9., 181.1506 (3) (a), 181.1506 (4) (intro.), (a) and (b), 181.1509
9 (1) (intro.), (a) and (b), 181.1509 (1) (c), 181.1509 (3) (intro.), 181.1510 (title),
10 181.1510 (1), 181.1510 (4) (a) (intro.), 1. and 3., 181.1510 (4) (b), 181.1520 (2)
11 (c), 181.1601 (5) (g), 182.01 (3) (intro.), 185.045, 190.01 (2), 196.205 (1) (c),
12 196.485 (1) (dv), 196.485 (1) (fe), 196.485 (3m) (c) (intro.), 204.104 (2), 221.0701,
13 234.03 (28), 340.01 (6u), 440.92 (6) (b) 1., 611.72 (1) and (2), 611.73 (1) (a), 613.13
14 (2) (intro.), 613.13 (3) (title), 613.13 (4), 766.51 (10), 766.70 (4) (c), 799.06 (2),
15 800.035 (1) and 857.015; to repeal and recreate 178.0120 (2) (a), 178.0120 (2)
16 (b), chapter 179, 180.0141 (title), (1), (2) and (3), 180.0141 (5) (a) 4., 180.0401
17 (2) (a) 1., 180.0403 (1) (b), 180.0502 (1) (a), 180.0502 (1) (b), 180.0504 (1),
18 180.0504 (4), 180.1161 (3) (f) and (g), 180.1161 (4) (a) 2., 180.1506 (2) (a) 1.,
19 181.0401 (2) (a) 1., 181.0403 (1) (b), 181.0502 (1), 181.0504 (4), 181.1101 (title),
20 181.1103 (title), 181.1506 (2) (a) 1., 181.1508, 181.1510 (5) and chapter 183; and
21 to create 44.03 (3m), 178.0103 (6) (d), 178.0104 (2m) and (3m), 178.0105 (3)
22 (np), 178.0401 (11m), 178.09032 (6), 178.1124 (1) (g), 178.1125 (3), 178.1132 (1)
23 (f), 178.1135 (6), 178.1144 (1) (g), 178.1145 (3), 178.1154 (1) (g), 178.1161 (3), (4)
24 and (5), 180.0103 (3m), 180.0103 (7d), 180.0103 (8r), 180.0103 (9m) and (9r),
25 180.0103 (11g) and (11i), 180.0103 (12g), 180.0103 (12r), 180.0103 (13m),
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1 180.0103 (16m), 180.0103 (17g), 180.0105, 180.0112, 180.0120 (3) (am),
2 180.0120 (5) and (6), 180.0122 (1g), 180.0124 (1) (c), 180.0124 (2) (d), 180.0125
3 (2) (b) 1. to 19., 180.0125 (4) (am), 180.0141 (6) and (7), 180.0143, 180.0144,
4 180.0145, 180.0401 (1) (a) 3., 180.0401 (3m), 180.0501 (2m) and (3m), 180.0502
5 (1m) and (1r), 180.0502 (3) (a), (b) and (c), 180.0502 (5), 180.0503 (4) and (5),
6 180.0504 (3m), 180.0704 (7), 180.0821 (4), 180.1100 (1c) and (1e), 180.1100 (1j),
7 (1m), (1o), (1q), (1s), (1u) and (1w), 180.1100 (4) to (14), 180.11001, 180.11002,
8 180.11003, 180.11004, 180.1101 (2m), 180.11012 (title), 180.11012 (1) (d), (e)
9 and (f), 180.1102 (1m), 180.1102 (2m), 180.11021 (title), 180.11021 (1) (d) and
10 (e), 180.11031, 180.11032 (title), 180.1105 (1) (em) and (er), 180.1105 (1g),
11 180.1106 (1) (am) 1g., 180.1106 (1) (e) 2., 180.1106 (1) (g), 180.1106 (1m),
12 180.1161 (3m), 180.1161 (4) (f), (g) and (h), 180.1161 (5) (am) 1., 2., 3., 4., 5. and
13 6., (bm) and (cm), 180.1161 (7), 180.1161 (8), 180.1171, 180.1172, 180.1173,
14 180.1174, 180.1175, 180.1421 (5), 180.1422 (4), 180.1506 (3m), 180.1507 (2m)
15 and (3m), 180.1508 (1) (e), 180.1508 (1g), 180.1508 (1m) and (1r), 180.1508 (2)
16 (a), (b) and (c), 180.1508 (4), 180.1509 (4) and (5), 180.1531 (2) (c) 1m., 180.1531
17 (2) (c) 2. (intro.) and b., 180.1622 (6), 181.0103 (10g), 181.0103 (12g), 181.0103
18 (13g) and (13m), 181.0103 (14g) and (14m), 181.0103 (18m), 181.0103 (20m) and
19 (20r), 181.0103 (21m), 181.0103 (23m), 181.0103 (24m), 181.0105, 181.0107,
20 181.0162, 181.0163, 181.0208, 181.0210, 181.0211, 181.0212, 181.0214 (1),
21 181.0214 (5), 181.0401 (1) (a) 3., 181.0401 (3m), 181.0403 (1) (e), 181.0501 (3m)
22 and (4m), 181.0502 (1m) and (1r), 181.0502 (3) (a), (b) and (c), 181.0502 (5),
23 181.0503 (1) (bm), 181.0503 (4), (5) and (6), 181.0504 (3m), 181.0505, 181.0506,
24 181.0507, 181.0704 (5), 181.0821 (4), 181.1100 (1c), (1e), (1j), (1m), (1o), (1q),
25 (1s), (1u) and (1w), 181.1100 (4) to (14), 181.11001, 181.11002, 181.11003,
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1 181.11004, 181.1101 (2m), 181.1102, 181.1103 (1m) (title), 181.1103 (1m) (a),
2 181.1103 (2m), (3m) and (4m), 181.11045, 181.11055, 181.1131, 181.1132,
3 181.1133, 181.1134, 181.1135, 181.1162 (title), 181.1162 (1) (e) and (f), 181.1162
4 (2), 181.1163, 181.1164, 181.1165, 181.1171, 181.1172, 181.1173, 181.1174,
5 181.1175, 181.1180, 181.1421 (7), 181.1422 (4), 181.1506 (3m), 181.1507 (3m)
6 and (4m), 181.1509 (1) (bm), 181.1509 (4), (5) and (6), 181.1510 (4m), 613.13 (3)
7 (a) and 613.51 (3m) of the statutes; relating to: adopting revisions to the state's
8 uniform limited partnership law and the state's limited liability company law;
9 making modifications to the state's uniform partnership law; procedures
10 applicable to business corporations and nonstock corporations; certificates of
11 authority of service insurance corporations; providing an exemption from
12 emergency rule procedures; granting rule-making authority; and providing a
13 penalty.
Analysis by the Legislative Reference Bureau
This bill adopts, with modifications, the most recent versions of the Uniform
Limited Partnership Act and Uniform Limited Liability Company Act. The bill also
makes changes to the state's partnership law and to the law governing business
corporations and nonstock corporations.
LIMITED PARTNERSHIPS
Background
In 1916, the National Conference of Commissioners on Uniform State Laws,
now called the Uniform Law Commission (ULC), promulgated the Uniform Limited
Partnership Act. In 1976, the ULC adopted a Revised Uniform Limited Partnership
Act and, in 1985, adopted amendments to this act. The revised act was again revised
in 2001. In 2013, the ULC amended the Revised Uniform Limited Partnership Act
(2001).
This state has, by statute, recognized limited partnerships since the 1850s.
This state first adopted the Uniform Limited Partnership Act in 1919. In 1983
Wisconsin Act 173, this state adopted, with modifications, the Revised Uniform
Limited Partnership Act (1976). In 1989 Wisconsin Act 232, this state adopted, with
modifications, the 1985 amendments to the Revised Uniform Limited Partnership
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Act (1976). Current law, therefore, reflects the Revised Uniform Limited
Partnership Act (1976), as amended in 1985, subject to various modifications.
This bill repeals and recreates Wisconsin's limited partnership law to adopt the
Revised Uniform Limited Partnership Act (2001), as last amended in 2013 (RULPA),
subject to certain modifications. Many provisions of RULPA and current law are
similar, including the following: A limited partnership is a legal entity separate from
its partners, and the filing of a certificate of limited partnership is required to form
a limited partnership. A limited partnership is distinguished from a general
partnership by the presence of limited partners. A limited partnership must have
at least one general partner and at least one limited partner. The limited
partnership generally is managed by general partners, and limited partners
primarily provide capital for the limited partnership. A partnership agreement
usually provides rules of governance for the limited partnership, and, in many
instances, statutory provisions are default rules that govern the limited partnership
only in the absence of applicable terms in the partnership agreement. However, in
some instances, the terms of the partnership agreement may not vary from statutory
requirements. Unless stated otherwise in the partnership agreement, a limited
partnership interest (a partner's right to receive distributions