Chapter 181(non profit corporation statute)

Many lake associations chose to file "Articles of Incorporation" in order to become a nonprofit organization. Nonprofit corporations enjoy a wide range of powers under Chapter 181 of the Wisconsin Statutes. These include, for example, the rights to:

• acquire property
• borrow money
• make contracts
• sue and be sued
• invest money
• make donations for public welfare
• and other general powers.

Chapter 181 Wisconsin Statutes
(PDF 254 KB)