214.84 Notice of custody; action to enjoin. On the date the division takes custody of a savings bank, the division shall provide by 1st class mail a written notice of that action to the president or secretary and to 2 or more directors of the savings bank or to 2 or more of the trustees of any trust or to 2 or more of the liquidators if the savings bank is in liquidation. If the parties receiving notice believe the division does not have authority to take custody, the savings bank, the directors or officers of the savings bank or the trustees or liquidators, within 20 days after the mailing of the notice, or within further periods of time as the division may extend up to an additional 60 days, may file a complaint in the circuit court of the county in which the savings bank is located to enjoin custody. The court shall require the division to show cause why custody should not be enjoined. If, upon hearing, the court finds that grounds do not exist for the division's custody, it may enter an order enjoining further custody.
History: 1991 a. 221; 1995 a. 27.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
214.025 - Insurance of accounts.
214.04 - General corporate powers.
214.045 - Status as internal revenue service qualified thrift lender.
214.07 - Authorized activities.
214.085 - Reporting requirements.
214.095 - Reorganization as a holding company.
214.155 - In-state institutions.
214.16 - In-state holding companies.
214.165 - Regional institutions and regional holding companies.
214.175 - Condition on acquisition.
214.18 - Standards for disapproval.
214.19 - Branching not limited.
214.195 - Subchapter severability.
214.24 - Application for permission to organize.
214.245 - Content of application to organize.
214.25 - Articles of incorporation.
214.265 - Temporary organization and capital subscriptions.
214.27 - Completion of organization.
214.305 - Annual and special meetings.
214.315 - Quorum for annual or special meetings.
214.325 - Record date for voting and other purposes.
214.34 - Bonds of officers and directors.
214.345 - Conduct of directors and officers.
214.37 - Access to books and records; communication with members and stockholders.
214.405 - Evidence of capital.
214.41 - Capital stock; nature.
214.42 - Retirement or reduction of capital stock.
214.44 - Loans or discounts on capital stock.
214.485 - Investment in loans.
214.495 - Lien priority; advances.
214.50 - General loan contract provisions.
214.502 - Nonconforming loans.
214.505 - Modification agreements.
214.507 - Customer access to credit reports.
214.51 - Sale, assignment, and servicing of loans and contracts.
214.515 - Purchase of real estate at forced sale.
214.52 - Purchase of real estate for office and rental purposes.
214.53 - Effect of unauthorized investments.
214.54 - Loans to one borrower.
214.575 - Deposit accounts subject to liens.
214.585 - Holders of deposit accounts.
214.59 - Prohibited activities.
214.592 - Financially related services tie-ins.
214.595 - Savings promotion prize programs.
214.62 - Merger; adoption of plan.
214.625 - Merger; stockholder vote of approval.
214.65 - Procedure to effect sale of all assets.
214.655 - Authority to form interim institution.
214.66 - Conversion of an existing institution to a savings bank.
214.67 - Emergency sale of assets.
214.675 - Acquisition of control.
214.68 - Jurisdictional conversion.
214.685 - Organizational conversion of mutual savings bank to stock savings bank.
214.715 - Powers of the division.
214.72 - Prohibited business relationships.
214.74 - Orders of the division.
214.745 - Division's notice to members or stockholders.
214.75 - Record keeping and retention.
214.755 - Disclosure of examination reports and other records.
214.76 - Annual audit requirement.
214.765 - Unsafe and unsound practices; orders of prohibition and removal.
214.772 - Foreign savings banks.
214.775 - Procedure upon the impairment of capital.
214.785 - Review of acts, orders or determinations.
214.82 - Division's authority to take custody and appoint a conservator or a receiver.
214.825 - Purposes of taking custody.
214.83 - Division's powers during custody.
214.835 - Custody of savings banks.
214.84 - Notice of custody; action to enjoin.
214.845 - Segregation of collections during custody.
214.85 - Redelivery of possession.
214.855 - Limitations upon custody.
214.90 - Action to correct conditions.
214.905 - Books and records corrective orders.
214.91 - Removal and prohibition authority.
214.915 - Participation prohibition.
214.92 - Effect of termination or resignation.
214.925 - Unauthorized participation by convicted individual.