{"data":{"id":"us-wi/wis.-stat.-180.11002","jurisdiction":"us-wi","citation":"Wis. Stat. § 180.11002","heading":"Existing purpose.","body":"(1) Property held for a charitable purpose under the law of this state by a domestic or foreign entity immediately before a transaction under this subchapter becomes effective may not, as a result of the transaction, be diverted from the objects for which it was donated, granted, devised, or otherwise transferred. An entity that is or plans to be engaged in a transaction covered by this subchapter may apply to the circuit court for a determination regarding the transaction’s compliance with cy pres or other law dealing with nondiversion of charitable assets.\n(2) A bequest, devise, gift, grant, or promise contained in a will or other instrument of donation, subscription, or conveyance that is made to a merging entity which is not the surviving entity and that takes effect or remains payable after the merger inures to the surviving entity.\n(3) A trust obligation that would govern property if transferred to a nonsurviving entity applies to property that is transferred to the surviving entity under this section.","path":["Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations","Chapter 180 Business Corporations","SUBCHAPTER XI MERGER, INTEREST EXCHANGE,CONVERSION, AND DOMESTICATION"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/180.11002","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:02Z","sha256":"2592ac4fc709a6665e6a4ca94eca61440797f34a0bb700732a1127f9b31daa14","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-180.11001","next":"us-wi/wis.-stat.-180.11003"},"notice":"GroundRules: Original legal text. Not legal advice."}