Wisconsin Administrative Code
Department of Financial Institutions
DFI-SL 1-22 - Department of Financial Institutions-Savings & Loan
Chapter DFI-SL 16 - Authorized activities of associations
Section DFI-SL 16.03 - Absorptions
Universal Citation: WI Admin Code ยง DFI-SL 16.03
Current through February 26, 2024
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.
This section interprets or implements ss. 215.02(18) and 215.135, Stats.
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