Wisconsin Statutes Corporations (Ch. 180 to 188) § 181.1430. Grounds for judicial dissolution

1. That the corporation obtained its articles of incorporation through fraud.

2. That the corporation has continued to exceed or abuse the authority conferred upon it by law.

1. That the directors are deadlocked in the management of the corporate affairs, the members are unable to break the deadlock and, because of the deadlock, either irreparable injury to the corporation is threatened or being suffered or the business and affairs of the corporation can no longer be conducted in accordance with it corporate purposes.

2. That the directors or those in control of the corporation have acted, are acting or will act in a manner that is illegal, oppressive or fraudulent.

3. That the members are deadlocked in voting power and have failed, for a period that includes at least 2 consecutive annual meeting dates, to elect successors to directors whose terms have, or would otherwise have, expired.

4. That the corporate assets are being misapplied or wasted.

5. That the corporation is no longer able to carry out its purposes.

1. That the creditor's claim has been reduced to judgment, the execution on the judgment has been returned unsatisfied and the corporation is insolvent.

2. That the corporation has admitted in writing that the creditor's claim is due and owing and the corporation is insolvent.