Statutes, codes, and regulations
Wisconsin Administrative Code
Agency - Department of Financial InstitutionsDepartment of Financial Institutions-Savings & Loan
Chapter DFI-SL 16 - Authorized Activities Of Associations
Section DFI-SL 16.03 - Absorptions

Wis. Admin. Code Department of Financial Institutions DFI-SL 16.03

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Current through November 25, 2024
Section DFI-SL 16.03 - Absorptions

A stock association may, subject to the approval of the division, convert the shares of a stock association absorbed under s. 215.73, Stats., into stock, savings accounts, or other securities of the surviving association or cash, property, rights, or securities of any other entity in connection with the absorption.

Wis. Admin. Code Department of Financial Institutions DFI-SL 16.03

CR Register, June, 1989, No. 402, eff. 7-1-89.

This section interprets or implements ss. 215.02(18) and 215.135, Stats.