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Doyle repeals shareholder liability

Madison, Wis. - Gov. Jim Doyle, whose "Grow Wisconsin" economic development plans identifies capital investment as a priority for the state, has signed a bill that removes from the books a law that many viewed as an impediment to capital formation

With little fanfare, Doyle signed AB 1163, which was endorsed by various groups, including the......

Full article >>> r> Tom Still, president of the Wisconsin Technology Council, praised the governor's decision. Wisconsin has put itself at a competitive disadvantage, essentially discouraging investors from making high-risk investments in our state, by threatening them with additional financial liability if a company is unsuccessful, he said.

Hundertmark, who called shareholder liability a "double-jeopar......

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Source:wistechnology.com By Joe Vanden Plas 05/30/06


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