{"data":{"id":"us-wi/wis.-stat.-180.1835","jurisdiction":"us-wi","citation":"Wis. Stat. § 180.1835","heading":"Limited liability.","body":"The failure of a statutory close corporation to observe usual corporate formalities or requirements relating to the exercise of its corporate powers or the management of its business and affairs is not grounds for imposing personal liability on the shareholders for obligations of the corporation.","path":["Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations","Chapter 180 Business Corporations","SUBCHAPTER XVIII STATUTORY CLOSE CORPORATIONS"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/180.1835","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":"a76bbc97ae0bc13ee3ba76952a55886a33f23387936fa7fd2d15896e8ba02922","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-180.1834","next":"us-wi/wis.-stat.-180.1837"},"notice":"GroundRules: Original legal text. Not legal advice."}