Chapter 215, SAVINGS AND LOAN ASSOCIATIONS
64 sections in this chapter.
Wis. Stat. § 215.57 Jurisdictional conversion of mutual associations
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215.57 Jurisdictional conversion of mutual associations. (1) PROCEDURE TO EFFECT CONVERSION. A state-chartered mutual association may convert itself into a federal association, and any federal mutual association may convert itself into a state-chartered association, as follows: (…
Wis. Stat. § 215.58 Organizational conversion from mutual to stock form
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215.58 Organizational conversion from mutual to stock form. (1) CONVERSION INTO STOCK ASSOCIATION. (a) A state chartered mutual association may convert to a stock association or a mutual savings and loan holding company may convert to a stock savings and loan holding company unde…
Wis. Stat. § 215.59 Mutual savings and loan holding companies
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215.59 Mutual savings and loan holding companies. (1) FORMATION. (a) Reorganization. A mutual association may reorganize as a mutual savings and loan holding company under this section. (b) Plan. A reorganizing mutual association shall prepare a reorganization plan. Under a reorg…
Wis. Stat. § 215.60 Incorporation of a capital stock savings and loan association
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215.60 Incorporation of a capital stock savings and loan association. (1) USE OF NAME. (a) A corporation organized under this subchapter shall be known as a capital stock association. The words “savings and loan association” or “savings association” shall form part of the name of…
Wis. Stat. § 215.61 Articles of incorporation for capital stock associations
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215.61 Articles of incorporation for capital stock associations. (1) FORM. The articles of incorporation of a stock association shall be approved by the division. The division shall, with the approval of the review board, promulgate rules governing articles of incorporation. (2) …
Wis. Stat. § 215.62 Bylaws of stock associations
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215.62 Bylaws of stock associations. (1) FORM. The bylaws of a stock association shall be approved by the division. The division shall, with the approval of the review board, promulgate rules governing bylaws. (2) FILING AND APPROVAL. Duplicate originals of the bylaws and amendme…
Wis. Stat. § 215.64 Control of association by holding company
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215.64 Control of association by holding company. (1) A savings and loan holding company shall be deemed to be engaged in the savings and loan business and shall be subject to the supervision and control of the division. Such savings and loan holding company shall file reports of…
Wis. Stat. § 215.67 Dividends
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215.67 Dividends. The board of a stock association may declare and pay dividends, subject to the orders and rules of the division. History: 1975 c. 359; 1983 a. 167; 1995 a. 27. 215.70 Directors of a stock association. (1) MANAGEThe management of a stock association shall be vest…
Wis. Stat. § 215.70 Directors of a stock association
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215.70 Directors of a stock association. 215.70(1)(1) Management responsibility. The management of a stock association shall be vested in a board of directors, who are charged with the responsibility of complying with this chapter, orders of the division, rules of the division pr…
Wis. Stat. § 215.71 Officers of stock association
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215.71 Officers of stock association. (1) GENERAL OFFICERS. (a) The general officers of a stock association shall be: 1. A president; 2. One or more vice presidents; 3. A secretary; 4. A treasurer; and 5. Such other officers as the board of directors by resolution designate. (b) …
Wis. Stat. § 215.72 General operations of a stock association
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215.72 General operations of a stock association. The general operation of a stock association shall comply with this subchapter and applicable provisions of subch. I. History: 1975 c. 359.
Wis. Stat. § 215.73 Absorption involving stock associations
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215.73 Absorption involving stock associations. (1) CONDITIONS PRECEDENT. (a) With the consent of the division and subject to any condition that the division prescribes, a stock association organized under this chapter may absorb or be absorbed by a thrift institution, with the a…
Wis. Stat. § 215.76 Voluntary liquidation of a stock association
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215.76 Voluntary liquidation of a stock association. (1) PROCEDURE FOR VOLUNTARY LIQUIDATION. (a) A stock association may go into liquidation by a majority vote of the outstanding capital stock of the association at a stockholders’ meeting held especially for that purpose, after …
Wis. Stat. § 215.77 Jurisdictional conversion of capital stock associations
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215.77 Jurisdictional conversion of capital stock associations. (8) “Federal savings and loan association” means a savings and loan association organized pursuant to the Home Owners’ Loan Act of 1933, and any acts amendatory thereof and supplementary thereto. (9) “Foreign associa…