Wisconsin Administrative Code
Department of Financial Institutions
DFI-SB 1-22 - Department of Financial Institutions-Savings Banks
Chapter DFI-SB 22 - Savings Bank Mutual Holding Companies
Section DFI-SB 22.05 - Membership rights
Current through February 26, 2024
(1) DEPOSITORS OF MUTUAL SAVINGS BANKS. The articles of incorporation or bylaws of a mutual holding company shall provide that:
(2) DEPOSITORS OF STOCK SAVINGS BANKS. A mutual holding company that acquires a stock savings bank other than a resulting savings bank or an acquiree savings bank shall not confer any membership rights upon the depositors of that savings bank unless the savings bank is merged into a mutual savings bank from which the mutual holding company draws members, in which case the depositors of the stock savings bank shall receive the same membership rights as other depositors of the savings bank into which the stock savings bank is merged.
This section interprets or implements s. 214.095, Stats.