Wisconsin § 616.18 - Restrictions on transactions.
Full text of Wisconsin Wisconsin Statutes § 616.18 — Restrictions on transactions., with citation guidance and answers to common questions.
§ 616.18. Restrictions on transactions.
616.18(1) (1) Voidable transactions. Any material transaction between a plan or corporation authorized under this subchapter and one or more of its management or members of its governing board, or with any person in a position to influence the vote of any member of its governing board or the decision of any of its management or with any person having power to control the plan or corporation is voidable by the plan or corporation unless: 616.18(1)(a) (a) The transaction at the time it is entered into is reasonable and fair to the interests of the plan or corporation and its members; 616.18(1)(b) (b) The transaction has, with full knowledge of its terms and of the interests involved, been approved in advance by the governing board or by the members; and 616.18(1)(c) (c) The transaction has been reported to the commissioner immediately after approval under par. (b) . 616.18(2) (2) Excepted transactions. 616.18(2)(a) (a) This section does not apply to policies of insurance issued by the plan or corporation in the normal course of its business. 616.18(2)(b) (b) The commissioner may by rule exempt other classes of transactions from the reporting requirement of sub. (1) (c) , if the purposes of this section can be achieved without the report. 616.18 History History: 1979 c. 261 .
Source: official Wisconsin text · Last verified 2026-08-27
Frequently Asked Questions About Wisconsin § 616.18
What does Wisconsin Statutes § 616.18 cover?
Section 616.18 ("Restrictions on transactions.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 616.18?
A common citation format is "Wisconsin Statutes § 616.18" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 616.18 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.